Insider Selling: Qualys Inc (NASDAQ:QLYS) Director Sells $107,042.00 in Stock

Qualys Inc (NASDAQ:QLYS) Director Jeffrey P. Hank sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $107,042.00. Following the sale, the director now owns 10,114 shares in the company, valued at approximately $832,786.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

QLYS opened at $82.34 on Friday. Qualys Inc has a 1-year low of $65.93 and a 1-year high of $97.12. The stock’s fifty day simple moving average is $86.88 and its 200 day simple moving average is $86.14. The stock has a market cap of $3.32 billion, a PE ratio of 69.19 and a beta of 1.33.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Qualys had a return on equity of 16.53% and a net margin of 22.45%. The business had revenue of $78.93 million for the quarter, compared to analysts’ expectations of $78.54 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Analysts predict that Qualys Inc will post 1.42 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FTB Advisors Inc. raised its stake in Qualys by 51.0% in the 1st quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after acquiring an additional 128 shares during the period. Cornerstone Advisors Inc. raised its stake in Qualys by 43.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after acquiring an additional 165 shares during the period. SevenBridge Financial Group LLC bought a new stake in Qualys in the 2nd quarter valued at $50,000. SRS Capital Advisors Inc. bought a new stake in Qualys in the 2nd quarter valued at $58,000. Finally, Optimum Investment Advisors bought a new stake in Qualys in the 1st quarter valued at $83,000. Institutional investors and hedge funds own 85.98% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price objective on Qualys from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Morgan Stanley set a $91.00 price objective on Qualys and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price objective on Qualys to $90.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Zacks Investment Research cut Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, BidaskClub upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Qualys currently has a consensus rating of “Hold” and a consensus target price of $95.06.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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