Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC trimmed its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,692 shares of the software maker's stock after selling 72,996 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.18% of Qualys worth $13,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Qualys by 46.9% during the third quarter. Invesco Ltd. now owns 250,661 shares of the software maker's stock valued at $38,238,000 after purchasing an additional 80,079 shares in the last quarter. Intrust Bank NA lifted its stake in shares of Qualys by 1.4% during the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker's stock valued at $978,000 after buying an additional 69 shares in the last quarter. NewSquare Capital LLC bought a new position in Qualys in the 4th quarter worth $3,731,000. Burney Co. increased its stake in Qualys by 15.9% in the 3rd quarter. Burney Co. now owns 83,984 shares of the software maker's stock worth $12,812,000 after buying an additional 11,496 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Qualys by 24.1% during the third quarter. Schroder Investment Management Group now owns 89,802 shares of the software maker's stock valued at $13,699,000 after acquiring an additional 17,456 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Price Performance

Shares of Qualys stock traded down $1.51 during trading hours on Monday, reaching $148.80. The company's stock had a trading volume of 419,050 shares, compared to its average volume of 470,636. The firm has a 50 day moving average price of $165.44 and a 200-day moving average price of $175.95. Qualys, Inc. has a one year low of $114.51 and a one year high of $206.35. The stock has a market cap of $5.50 billion, a P/E ratio of 34.44 and a beta of 0.51.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 928 shares of the business's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the sale, the chief financial officer now directly owns 93,196 shares in the company, valued at approximately $15,654,132.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Sumedh S. Thakar sold 4,120 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the transaction, the chief executive officer now directly owns 194,481 shares in the company, valued at approximately $32,598,905.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 928 shares of the company's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $167.97, for a total transaction of $155,876.16. Following the completion of the transaction, the chief financial officer now owns 93,196 shares in the company, valued at $15,654,132.12. The disclosure for this sale can be found here. Insiders have sold a total of 14,590 shares of company stock worth $2,419,842 in the last three months. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

QLYS has been the subject of several research analyst reports. Truist Financial cut their target price on Qualys from $175.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, May 8th. Scotiabank assumed coverage on shares of Qualys in a report on Friday, April 26th. They issued a "sector perform" rating and a $172.00 target price on the stock. Wedbush cut their target price on shares of Qualys from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Thursday, February 8th. TD Cowen assumed coverage on shares of Qualys in a report on Tuesday, March 26th. They issued a "market perform" rating and a $170.00 price target on the stock. Finally, Royal Bank of Canada dropped their price objective 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. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $162.23.

Qualys 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.