Sumedh S. Thakar Sells 7,000 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $136.32, for a total value of $954,240.00. Following the completion of the sale, the chief executive officer now directly owns 186,601 shares in the company, valued at approximately $25,437,448.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Qualys Stock Performance

Shares of NASDAQ QLYS traded up $0.05 during mid-day trading on Monday, hitting $136.74. 381,734 shares of the stock were exchanged, compared to its average volume of 456,083. The company has a market cap of $5.05 billion, a P/E ratio of 31.65 and a beta of 0.47. Qualys, Inc. has a twelve month low of $122.53 and a twelve month high of $206.35. The stock’s fifty day simple moving average is $153.35 and its two-hundred day simple moving average is $171.01.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. As a group, equities research analysts predict that Qualys, Inc. will post 3.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Qualys

Large investors have recently modified their holdings of the stock. Signaturefd LLC increased its position in Qualys by 24.9% in the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after purchasing an additional 58 shares during the period. Wallace Advisory Group LLC raised its stake in shares of Qualys by 4.0% during the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares during the last quarter. Intrust Bank NA raised its stake in shares of Qualys by 1.4% during the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after buying an additional 69 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after buying an additional 83 shares during the period. Finally, Covenant Partners LLC boosted its stake in Qualys by 3.5% in the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after acquiring an additional 84 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QLYS has been the topic of several research analyst reports. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Thursday. TD Cowen initiated coverage on shares of Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Monday, May 13th. Scotiabank began coverage on shares of Qualys in a research note on Friday, April 26th. They issued a “sector perform” rating and a $172.00 target price for the company. Finally, Truist Financial decreased their target price on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $162.23.

Qualys Company Profile

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.