Qualys, Inc. (NASDAQ:QLYS) Director Jeffrey P. Hank Sells 4,000 Shares

Qualys, Inc. (NASDAQ:QLYS) Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $146.31, for a total value of $585,240.00. Following the completion of the transaction, the director now owns 12,666 shares of the company’s stock, valued at approximately $1,853,162.46. This trade represents a 24.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Qualys Stock Down 1.1 %

NASDAQ:QLYS opened at $143.86 on Tuesday. The stock has a market capitalization of $5.26 billion, a PE ratio of 31.78 and a beta of 0.47. The stock’s 50-day moving average price is $128.88 and its 200-day moving average price is $135.28. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. During the same period last year, the firm posted $1.24 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Sell-side analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Truist Financial lifted their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Needham & Company LLC started coverage on Qualys in a research note on Wednesday, November 6th. They set a “hold” rating on the stock. UBS Group boosted their price objective on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wedbush reduced their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson increased their price objective on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $152.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after buying an additional 143 shares in the last quarter. Quarry LP purchased a new stake in Qualys during the second quarter worth about $40,000. DT Investment Partners LLC purchased a new stake in Qualys during the 2nd quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.