Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 787 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 787 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $148.23, for a total transaction of $116,657.01. Following the transaction, the chief financial officer owned 99,288 shares of the company's stock, valued at approximately $14,717,460.24. This represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joo Mi Kim also recently made the following trade(s):

• On Thursday, June 5th, Joo Mi Kim sold 845 shares of Qualys stock. The shares were sold at an average price of $139.96, for a total transaction of $118,266.20.
• On Monday, May 5th, Joo Mi Kim sold 1,018 shares of Qualys stock. The shares were sold at an average price of $126.75, for a total transaction of $129,031.50.
• On Wednesday, April 9th, Joo Mi Kim sold 1,358 shares of Qualys stock. The stock was sold at an average price of $124.87, for a total transaction of $169,573.46.

Qualys Stock Performance

QLYS traded down $2.79 on Thursday, reaching $143.22. The company had a trading volume of 11,270 shares, compared to its average volume of 369,618. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00. The stock has a market cap of $5.20 billion, a P/E ratio of 29.29 and a beta of 0.62. The company's fifty day moving average is $138.50 and its 200 day moving average is $134.65.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $157.05 million. During the same period last year, the firm earned $1.45 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

Institutional Trading of Qualys

Several large investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in Qualys by 1.4% during the fourth quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker's stock worth $806,000 after buying an additional 80 shares during the last quarter. Cim LLC grew its holdings in Qualys by 1.2% in the first quarter. Cim LLC now owns 8,561 shares of the software maker's stock worth $1,078,000 after purchasing an additional 98 shares during the period. State of Michigan Retirement System grew its holdings in shares of Qualys by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker's stock valued at $1,105,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Qualys by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the software maker's stock valued at $1,297,000 after buying an additional 100 shares during the last quarter. Finally, Securian Asset Management Inc. grew its holdings in shares of Qualys by 3.7% during the first quarter. Securian Asset Management Inc. now owns 2,809 shares of the software maker's stock valued at $354,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on QLYS shares. Wall Street Zen upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Jefferies Financial Group decreased their price target on shares of Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a report on Monday, March 31st. Wedbush cut their price objective on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Canaccord Genuity Group cut their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Morgan Stanley cut their price target on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Qualys has an average rating of "Hold" and a consensus target price of $137.50.

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.