Insider Selling: Qualys (NASDAQ:QLYS) Insider Sells 525 Shares of Stock

Key Points

• Insider Bruce Posey sold 525 shares of Qualys (NASDAQ:QLYS) at an average price of $136.18, reducing his ownership by 0.91% to 57,315 shares.
• Qualys reported a 10.3% increase in revenue year-over-year, with an earnings per share (EPS) of $1.68, exceeding estimates by $0.21.
• Multiple analysts have recently raised their target prices for Qualys, with a consensus target of $141.00 and the majority rating the stock as a "Hold."

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce Posey sold 525 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $136.18, for a total value of $71,494.50. Following the completion of the sale, the insider directly owned 57,315 shares of the company's stock, valued at $7,805,156.70. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Qualys Stock Performance

Shares of QLYS traded down $1.52 during mid-day trading on Tuesday, hitting $134.87. The company's stock had a trading volume of 185,970 shares, compared to its average volume of 334,344. The stock's 50-day moving average is $134.12 and its two-hundred day moving average is $133.12. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The firm has a market capitalization of $4.87 billion, a PE ratio of 26.92 and a beta of 0.65.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to the consensus estimate of $161.25 million. During the same quarter in the previous year, the firm posted $1.52 EPS. The business'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. Analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analyst Ratings Changes

QLYS has been the topic of a number of research reports. Scotiabank upped their target price on shares of Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Wedbush upped their target price on shares of Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. UBS Group upped their target price on shares of Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. DA Davidson upped their target price on shares of 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 upped their target price on shares of Qualys from $140.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $141.00.

Institutional Investors Weigh In On Qualys

Several large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its position in shares of Qualys by 4.6% during the second quarter. Osaic Holdings Inc. now owns 16,234 shares of the software maker's stock worth $2,288,000 after acquiring an additional 716 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Qualys by 121.3% during the second quarter. Squarepoint Ops LLC now owns 55,329 shares of the software maker's stock worth $7,905,000 after acquiring an additional 30,329 shares in the last quarter. Cim LLC increased its position in shares of Qualys by 8.4% during the second quarter. Cim LLC now owns 9,283 shares of the software maker's stock worth $1,326,000 after acquiring an additional 722 shares in the last quarter. State of Wyoming grew its position in Qualys by 254.6% in the second quarter. State of Wyoming now owns 2,720 shares of the software maker's stock valued at $389,000 after purchasing an additional 1,953 shares in the last quarter. Finally, Kestra Investment Management LLC grew its position in Qualys by 63.2% in the second quarter. Kestra Investment Management LLC now owns 3,119 shares of the software maker's stock valued at $446,000 after purchasing an additional 1,208 shares in the last quarter. Institutional investors own 99.31% of the company's stock.

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.

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