Joo Mi Kim Sells 845 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 845 shares of Qualys stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $139.96, for a total transaction of $118,266.20. Following the completion of the sale, the chief financial officer now owns 100,075 shares in the company, valued at approximately $14,006,497. This trade represents a 0.84% 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 Monday, May 5th, Joo Mi Kim sold 1,018 shares of Qualys stock. The stock was 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.
• On Monday, April 7th, Joo Mi Kim sold 162 shares of Qualys stock. The shares were sold at an average price of $120.04, for a total transaction of $19,446.48.

Qualys Price Performance

Shares of QLYS traded up $2.16 during midday trading on Friday, reaching $141.86. The stock had a trading volume of 270,417 shares, compared to its average volume of 379,043. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $170.00. The company's fifty day simple moving average is $129.42 and its two-hundred day simple moving average is $136.15. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 30.51 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly 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 28.59% and a return on equity of 38.52%. The firm had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. During the same period last year, the business earned $1.45 EPS. Qualys's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QLYS. Canaccord Genuity Group dropped their price target on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Scotiabank set a $142.00 price objective on shares of Qualys and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Royal Bank of Canada increased their target price on shares of Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Wedbush reduced their target price on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Qualys presently has a consensus rating of "Hold" and an average target price of $137.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Qualys in the fourth quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new position in Qualys during the fourth quarter worth about $39,000. Quadrant Capital Group LLC raised its position in 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 acquiring an additional 156 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Qualys in the fourth quarter valued at approximately $54,000. Finally, Manchester Capital Management LLC raised its position in shares of Qualys by 52.4% in the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock valued at $55,000 after buying an additional 150 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

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.

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