Grandeur Peak Global Advisors LLC Sells 31,866 Shares of Qualys, Inc. (NASDAQ:QLYS)

Grandeur Peak Global Advisors LLC lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,963 shares of the software maker's stock after selling 31,866 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.15% of Qualys worth $7,847,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Qualys during the fourth quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Qualys in the fourth quarter valued at approximately $39,000. Quadrant Capital Group LLC lifted its position in shares of Qualys by 88.1% in the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after purchasing an additional 156 shares in the last quarter. Fifth Third Bancorp grew its position in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock valued at $55,000 after purchasing an additional 99 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in Qualys in the 4th quarter valued at $91,000. Institutional investors own 99.31% of the company's stock.

Qualys Stock Performance

Shares of NASDAQ QLYS traded down $0.63 during midday trading on Thursday, reaching $120.73. The stock had a trading volume of 126,910 shares, compared to its average volume of 398,164. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $174.20. The company's 50 day moving average price is $129.57 and its 200 day moving average price is $135.97. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 25.95 and a beta of 0.71.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Equities analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $142.17, for a total transaction of $995,190.00. Following the completion of the sale, the chief executive officer now directly owns 246,144 shares of the company's stock, valued at $34,994,292.48. This trade represents a 2.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bruce K. Posey sold 524 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the transaction, the insider now directly owns 65,053 shares in the company, valued at $8,416,557.14. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,480 shares of company stock valued at $3,579,506. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on QLYS. Loop Capital lowered their target price on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research report on Friday, February 7th. Jefferies Financial Group dropped their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada decreased their target price on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Scotiabank dropped their price target on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Finally, Northland Securities reissued a "market perform" rating and issued a $146.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $142.21.

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.