Qualys (NASDAQ:QLYS) CFO Joo Mi Kim Sells 2,659 Shares of Stock

Key Points

• Qualys CFO Joo Mi Kim sold 2,659 shares for about $557,486 under a pre-arranged Rule 10b5-1 plan, reducing her direct holdings by 3.75% to 68,208 shares.
• Qualys beat quarterly expectations, reporting EPS of $1.98 versus $1.78 consensus and revenue of $182.18 million, up 11.1% year over year.
• Shares rose 1.4% to $210.57. Analysts’ consensus rating was “Hold,” with an average price target of $183.62.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 2,659 shares of the business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $209.66, for a total value of $557,485.94. Following the completion of the transaction, the chief financial officer directly owned 68,208 shares of the company's stock, valued at approximately $14,300,489.28. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualys Trading Up 1.4%

Shares of NASDAQ:QLYS traded up $2.97 on Tuesday, hitting $210.57. The company had a trading volume of 697,368 shares, compared to its average volume of 756,423. The company has a market cap of $7.28 billion, a PE ratio of 36.43 and a beta of 0.60. Qualys, Inc. has a 52-week low of $74.51 and a 52-week high of $235.54. The business has a 50 day moving average of $188.93 and a 200 day moving average of $135.32.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%. The firm had revenue of $182.18 million during the quarter, compared to analysts' expectations of $178.57 million. During the same quarter last year, the business posted $1.68 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Qualys, Inc. will post 5.84 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Qualys in the second quarter worth approximately $792,316,000. Legal & General Group Plc acquired a new stake in Qualys during the second quarter worth about $197,624,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Qualys by 127.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 832,796 shares of the software maker's stock valued at $73,161,000 after purchasing an additional 465,952 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Qualys by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 763,099 shares of the software maker's stock valued at $67,041,000 after purchasing an additional 45,718 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Qualys by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 497,600 shares of the software maker's stock worth $43,714,000 after purchasing an additional 17,300 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on QLYS shares. Weiss Ratings raised shares of Qualys from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. DA Davidson raised their target price on shares of Qualys from $135.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Truist Financial lifted their target price on shares of Qualys from $160.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Scotiabank boosted their price target on Qualys from $190.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Finally, Piper Sandler increased their price target on Qualys from $100.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $183.62.

Qualys Company Profile

Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.

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

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