Qualys, Inc. (NASDAQ:QLYS) Insider Bruce K. Posey Sells 525 Shares

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce K. Posey sold 525 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $135.96, for a total value of $71,379.00. Following the sale, the insider now directly owns 61,184 shares in the company, valued at $8,318,576.64. This represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Qualys Stock Performance

NASDAQ QLYS traded up $0.59 during trading hours on Thursday, hitting $141.78. The company had a trading volume of 228,846 shares, compared to its average volume of 370,501. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $170.00. The company has a market cap of $5.15 billion, a PE ratio of 28.99 and a beta of 0.61. The business has a 50 day moving average of $134.42 and a 200-day moving average of $134.71.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.21. Qualys had a net margin of 29.19% and a return on equity of 38.05%. The company had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Qualys's revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Qualys

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in Qualys in the fourth quarter valued at $28,000. Quadrant Capital Group LLC boosted its stake in shares of Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after buying an additional 156 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Qualys during the fourth quarter worth about $54,000. Manchester Capital Management LLC boosted its stake in shares of Qualys by 52.4% during the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock worth $55,000 after buying an additional 150 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Qualys by 27.9% during the first quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock worth $63,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 99.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on QLYS. Scotiabank set a $142.00 price objective on Qualys and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Canaccord Genuity Group cut their price objective on Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada upped their price objective on Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group cut their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $137.50.

Qualys Company Profile

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.