Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the transaction, the chief executive officer owned 217,962 shares in the company, valued at approximately $32,530,828.50. This trade represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Qualys Stock Performance
Shares of NASDAQ QLYS traded down $3.13 during midday trading on Monday, reaching $146.94. The stock had a trading volume of 374,940 shares, compared to its average volume of 370,967. The stock has a 50-day moving average of $137.71 and a 200-day moving average of $134.48. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 30.05 and a beta of 0.62. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00.
Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. The company 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%. Qualys's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $1.45 earnings per share. As a group, analysts forecast that Qualys, Inc. will post 3.85 EPS for the current fiscal year.
Hedge Funds Weigh In On Qualys
Several institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Qualys in the 4th quarter worth $28,000. Charles Schwab Investment Management Inc. grew its stake in shares of Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock worth $64,016,000 after buying an additional 3,848 shares in the last quarter. Atria Investments Inc grew its stake in shares of Qualys by 5.0% in the 4th quarter. Atria Investments Inc now owns 4,214 shares of the software maker's stock worth $591,000 after buying an additional 199 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Qualys in the 4th quarter worth $4,699,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Qualys in the 4th quarter worth $15,937,000. 99.31% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on QLYS. 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 lowered their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada increased their price target on shares of Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Wedbush decreased their price target on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Qualys currently has an average rating of "Hold" and a consensus price target of $137.50.
Read Our Latest Research Report on QLYS
Qualys Company Profile
(
Get Free Report)
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.
Further Reading
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