Insider Selling: Qualys Inc (QLYS) Insider Sells 2,000 Shares of Stock

Qualys Inc (NASDAQ:QLYS) insider Sumedh S. Thakar sold 2,000 shares of Qualys stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $63.39, for a total transaction of $126,780.00. Following the completion of the sale, the insider now directly owns 198,340 shares of the company’s stock, valued at approximately $12,572,772.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Qualys Inc (QLYS) opened at $63.90 on Friday. The firm has a market cap of $2,415.47, a price-to-earnings ratio of 57.91, a price-to-earnings-growth ratio of 5.11 and a beta of 0.88. Qualys Inc has a 52-week low of $32.40 and a 52-week high of $64.40.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. The firm had revenue of $59.49 million during the quarter, compared to analyst estimates of $58.59 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. equities research analysts anticipate that Qualys Inc will post 0.65 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in Qualys by 12.9% during the 2nd quarter. State Street Corp now owns 721,149 shares of the software maker’s stock worth $29,421,000 after acquiring an additional 82,251 shares during the last quarter. Pier 88 Investment Partners LLC lifted its position in Qualys by 62.8% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 10,633 shares of the software maker’s stock worth $551,000 after acquiring an additional 4,100 shares during the last quarter. Prudential Financial Inc. lifted its position in Qualys by 3.8% during the 3rd quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock worth $2,724,000 after acquiring an additional 1,920 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Qualys by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 175,591 shares of the software maker’s stock worth $7,164,000 after purchasing an additional 4,622 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Qualys by 24.8% during the 2nd quarter. Alliancebernstein L.P. now owns 50,768 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 10,083 shares during the period. 75.34% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on QLYS. Zacks Investment Research lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. lowered shares of Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Qualys in a research note on Friday, November 3rd. Morgan Stanley lowered shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price objective for the company. in a research note on Tuesday, October 10th. Finally, Summit Redstone raised shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, November 1st. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Qualys has a consensus rating of “Hold” and a consensus target price of $54.85.

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Qualys Company Profile

Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.

Insider Buying and Selling by Quarter for Qualys (NASDAQ:QLYS)

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