Qualys, Inc. (NASDAQ:QLYS) CEO Sells $661,414.64 in Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 4,034 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $163.96, for a total transaction of $661,414.64. Following the completion of the sale, the chief executive officer now owns 193,608 shares of the company's stock, valued at $31,743,967.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Qualys Price Performance

NASDAQ QLYS traded down $1.71 during mid-day trading on Wednesday, reaching $162.75. The stock had a trading volume of 629,597 shares, compared to its average volume of 463,230. Qualys, Inc. has a 1 year low of $107.00 and a 1 year high of $206.35. The stock has a market cap of $6.02 billion, a PE ratio of 40.71 and a beta of 0.51. The company has a fifty day moving average price of $167.28 and a 200 day moving average price of $175.14.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.26. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The company had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. As a group, equities research analysts expect that Qualys, Inc. will post 3.35 earnings per share for the current year.

Hedge Funds Weigh In On Qualys

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Qualys by 24.9% in the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker's stock worth $57,000 after purchasing an additional 58 shares during the period. Wallace Advisory Group LLC grew its position in Qualys by 4.0% in the 1st quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker's stock worth $275,000 after purchasing an additional 63 shares during the period. Intrust Bank NA grew its position in Qualys by 1.4% in the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker's stock worth $978,000 after purchasing an additional 69 shares during the period. KLR Investment Advisors LLC grew its position in Qualys by 3.3% in the 3rd quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker's stock worth $364,000 after purchasing an additional 77 shares during the period. Finally, Park Place Capital Corp grew its position in Qualys by 12.3% in the 3rd quarter. Park Place Capital Corp now owns 733 shares of the software maker's stock worth $112,000 after purchasing an additional 80 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QLYS. JPMorgan Chase & Co. raised their price objective on shares of Qualys from $146.00 to $152.00 and gave the stock an "underweight" rating in a report on Thursday, February 8th. Truist Financial raised their price objective on shares of Qualys from $145.00 to $175.00 and gave the stock a "hold" rating in a report on Tuesday, January 16th. Royal Bank of Canada lowered their target price on shares of Qualys from $212.00 to $180.00 and set a "sector perform" rating for the company in a report on Thursday, February 8th. StockNews.com upgraded shares of Qualys from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wedbush lowered their target price on shares of Qualys from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $153.23.

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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