Ieq Capital LLC Takes $406,000 Position in Qualys, Inc. $QLYS

Key Points

• Ieq Capital LLC purchased 3,221 shares of Qualys, Inc. worth approximately $406,000, marking a new stake in the company during the 1st quarter.
• Institutional investors own 99.31% of Qualys shares, with significant increases in positions from firms like SBI Securities and GAMMA Investing in the latest quarter.
• CEO Sumedh S. Thakar sold 12,000 shares for about $1.79 million, resulting in a 5.22% decrease in his ownership of the company’s stock.

Ieq Capital LLC bought a new stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,221 shares of the software maker's stock, valued at approximately $406,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tandem Investment Advisors Inc. boosted its position in Qualys by 24.4% during the 1st quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock valued at $5,210,000 after acquiring an additional 8,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Qualys by 4.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,143 shares of the software maker's stock worth $1,036,000 after purchasing an additional 310 shares in the last quarter. Novem Group boosted its position in shares of Qualys by 35.0% in the 1st quarter. Novem Group now owns 7,008 shares of the software maker's stock worth $883,000 after purchasing an additional 1,817 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Qualys by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock worth $13,856,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of Qualys in the 1st quarter worth $360,000. Institutional investors own 99.31% of the company's stock.

Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Wall Street Zen cut Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Wedbush raised their price objective on Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. DA Davidson raised their price objective on Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their price objective on Qualys from $140.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Qualys currently has an average rating of "Hold" and a consensus price target of $141.00.

Qualys Price Performance

QLYS traded down $1.58 on Wednesday, reaching $131.53. 244,945 shares of the stock were exchanged, compared to its average volume of 282,408. The company's 50-day moving average price is $135.84 and its 200 day moving average price is $132.92. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00. The firm has a market capitalization of $4.75 billion, a PE ratio of 26.25 and a beta of 0.65.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.21. Qualys had a return on equity of 37.19% and a net margin of 29.04%.The company had revenue of $164.06 million during the quarter, compared to analysts' expectations of $161.25 million. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, equities analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Joo Mi Kim sold 1,018 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $132.26, for a total value of $134,640.68. Following the completion of the transaction, the chief financial officer owned 94,468 shares of the company's stock, valued at $12,494,337.68. The trade was a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kristi Marie Rogers sold 1,700 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $134.70, for a total value of $228,990.00. Following the completion of the transaction, the director directly owned 8,596 shares of the company's stock, valued at approximately $1,157,881.20. This trade represents a 16.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,222 shares of company stock worth $7,252,957. Corporate insiders own 0.88% 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.