Qualys, Inc. (NASDAQ:QLYS) CEO Sells $1,176,400.00 in Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 8,500 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $138.40, for a total transaction of $1,176,400.00. Following the sale, the chief executive officer directly owned 215,962 shares in the company, valued at $29,889,140.80. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Qualys Stock Performance

Shares of QLYS stock traded up $0.34 on Thursday, reaching $138.81. 37,825 shares of the company were exchanged, compared to its average volume of 368,566. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 28.38 and a beta of 0.62. The business has a 50-day moving average price of $139.60 and a 200 day moving average price of $134.57. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. The business had revenue of $159.90 million during the quarter, compared to analysts' expectations of $157.05 million. Qualys had a net margin of 29.19% and a return on equity of 38.05%. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. As a group, equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Institutional Trading of Qualys

A number of institutional investors and hedge funds have recently modified their holdings of QLYS. SBI Securities Co. Ltd. lifted its holdings in shares of Qualys by 82.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock worth $46,000 after acquiring an additional 167 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Qualys by 88.1% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after buying an additional 156 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Qualys in the 4th quarter valued at approximately $54,000. Manchester Capital Management LLC increased its position in shares of Qualys by 52.4% in the 1st quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock valued at $63,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QLYS. JPMorgan Chase & Co. dropped their price objective 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. Morgan Stanley decreased their target price on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Canaccord Genuity Group decreased their target price on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Qualys currently has a consensus rating of "Hold" and a consensus price target of $137.50.

Qualys Company 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.