Qualys (NASDAQ:QLYS) CEO Sells $609,152.00 in Stock

Key Points

• Qualys CEO Sumedh Thakar sold 3,200 shares for approximately $609,152 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 1.77% to 177,138 shares.
• Qualys shares rose 1.6% to $192.65, near the company’s 12-month high of $206.25, while the stock’s market capitalization reached approximately $6.67 billion.
• The company recently exceeded quarterly earnings and revenue expectations, reporting $1.98 EPS and $182.18 million in revenue; analysts’ consensus rating remains Hold, with an average price target of $180.53.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh Thakar sold 3,200 shares of the business's stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $190.36, for a total value of $609,152.00. Following the transaction, the chief executive officer owned 177,138 shares of the company's stock, valued at approximately $33,719,989.68. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualys Stock Up 1.6%

QLYS stock traded up $3.02 during midday trading on Thursday, hitting $192.65. The company's stock had a trading volume of 524,984 shares, compared to its average volume of 750,806. Qualys, Inc. has a 12 month low of $74.51 and a 12 month high of $206.25. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 33.33 and a beta of 0.60. The company has a 50 day moving average of $182.68 and a two-hundred day moving average of $137.55.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. Qualys had a net margin of 29.38% and a return on equity of 37.52%. The firm had revenue of $182.18 million for the quarter, compared to analysts' expectations of $178.57 million. During the same period in the prior year, the company earned $1.68 EPS. The business's revenue was up 11.1% compared to the same quarter last year. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. On average, analysts anticipate that Qualys, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QLYS. Jefferies Financial Group raised their price target on shares of Qualys from $150.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on Qualys from $139.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Wall Street Zen downgraded Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, September 12th. Truist Financial increased their price target on shares of Qualys from $160.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised Qualys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $180.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QLYS. ZWJ Investment Counsel Inc. increased its position in shares of Qualys by 4.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 2,114 shares of the software maker's stock worth $396,000 after purchasing an additional 98 shares during the period. ANB Bank acquired a new position in Qualys in the third quarter valued at about $333,000. GAMMA Investing LLC lifted its position in Qualys by 32.2% during the third quarter. GAMMA Investing LLC now owns 2,086 shares of the software maker's stock worth $390,000 after purchasing an additional 508 shares during the period. Farther Finance Advisors LLC lifted its position in Qualys by 25.8% during the third quarter. Farther Finance Advisors LLC now owns 527 shares of the software maker's stock worth $99,000 after purchasing an additional 108 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Qualys by 170.8% during the second quarter. Sequoia Financial Advisors LLC now owns 7,527 shares of the software maker's stock worth $1,035,000 after purchasing an additional 4,747 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

About Qualys

Qualys, Inc provides cloud-based information technology, security and compliance solutions for organizations worldwide. Its platform is designed to help businesses identify, assess and manage security vulnerabilities across their networks, endpoints, cloud environments and web applications.

The company's offerings include vulnerability management, asset inventory, security and compliance assessment, web application security, endpoint detection and response, and cloud security capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.