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

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares in the company, valued at $33,741,295.98. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Qualys Stock Performance

Qualys stock opened at $147.03 on Thursday. The firm has a market cap of $5.38 billion, a P/E ratio of 32.39 and a beta of 0.47. The business’s fifty day moving average is $129.74 and its two-hundred day moving average is $134.95. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. On average, equities research analysts predict that Qualys, Inc. will post 4.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on QLYS. Scotiabank lowered their price objective on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Piper Sandler lowered their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their price objective on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Truist Financial boosted their price objective on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and an average target price of $152.80.

Institutional Investors Weigh In On Qualys

A number of institutional investors and hedge funds have recently made changes to their positions in QLYS. SG Americas Securities LLC raised its position in shares of Qualys by 46.0% during the first quarter. SG Americas Securities LLC now owns 1,685 shares of the software maker’s stock worth $281,000 after acquiring an additional 531 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Qualys by 60.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,449 shares of the software maker’s stock valued at $3,079,000 after purchasing an additional 6,932 shares during the last quarter. Vanguard Group Inc. increased its holdings in Qualys by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after purchasing an additional 83,504 shares during the last quarter. Cynosure Group LLC bought a new stake in Qualys in the first quarter valued at about $303,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Qualys by 13.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock valued at $18,048,000 after purchasing an additional 12,915 shares during the last quarter. 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.