Joo Mi Kim Sells 844 Shares of Qualys (NASDAQ:QLYS) Stock

Key Points

• Joo Mi Kim, CFO of Qualys, sold 844 shares of stock at an average price of $134.80, totaling $113,771.20, which reduced their ownership by 0.89%.
• Qualys reported an earnings per share (EPS) of $1.68 for the last quarter, exceeding estimates by $0.21, and saw a 10.3% year-over-year revenue increase.
• Analysts have recently upgraded their ratings for Qualys, with Scotiabank setting a new price target of $150.00 and Zacks Research issuing a "strong-buy" rating.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 844 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $134.80, for a total transaction of $113,771.20. Following the sale, the chief financial officer owned 93,651 shares of the company's stock, valued at $12,624,154.80. This represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 5th, Joo Mi Kim sold 1,018 shares of Qualys stock. The stock was sold at an average price of $132.26, for a total transaction of $134,640.68.
• On Monday, July 7th, Joo Mi Kim sold 787 shares of Qualys stock. The stock was sold at an average price of $148.23, for a total transaction of $116,657.01.

Qualys Stock Performance

Shares of NASDAQ QLYS traded down $2.19 during midday trading on Friday, reaching $133.46. 182,111 shares of the stock were exchanged, compared to its average volume of 280,962. The company has a 50 day simple moving average of $135.18 and a 200 day simple moving average of $132.93. The stock has a market capitalization of $4.82 billion, a P/E ratio of 26.64 and a beta of 0.65. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00.

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

Hedge Funds Weigh In On Qualys

Institutional investors and hedge funds have recently modified their holdings of the company. Tandem Investment Advisors Inc. grew its stake in shares of Qualys by 24.4% during the first quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock worth $5,210,000 after purchasing an additional 8,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Qualys by 4.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,143 shares of the software maker's stock worth $1,036,000 after purchasing an additional 310 shares in the last quarter. Novem Group grew its stake in shares of Qualys by 35.0% during the first quarter. Novem Group now owns 7,008 shares of the software maker's stock worth $883,000 after purchasing an additional 1,817 shares in the last quarter. Principal Financial Group Inc. lifted its position in Qualys by 1.1% in the first quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock valued at $13,856,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in Qualys in the first quarter valued at $360,000. Institutional investors and hedge funds own 99.31% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on QLYS shares. UBS Group lifted their target price on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Scotiabank lifted their target price on shares of Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Wedbush lifted their target price on shares of Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Morgan Stanley lifted their target price on shares of Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Finally, Jefferies Financial Group lifted their target price on shares of Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Qualys presently has an average rating of "Hold" and an average price target of $141.00.

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.