Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 1,018 Shares of Stock

Key Points

• Qualys' CFO Joo Mi Kim sold 1,018 shares for a total of $134,640.68, reducing their ownership to 94,468 shares worth approximately $12.49 million.
• The company's most recent earnings report showed an EPS of $1.68 per share, exceeding analyst estimates of $1.47, with a year-over-year revenue increase of 10.3%.
• Analysts have mixed opinions on Qualys, with recent price targets ranging from $117.00 to $155.00 and an overall average target price of $139.14.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 1,018 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $132.26, for a total value of $134,640.68. Following the completion of the transaction, the chief financial officer owned 94,468 shares of the company's stock, valued at approximately $12,494,337.68. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Joo Mi Kim also recently made the following trade(s):

• On Monday, July 7th, Joo Mi Kim sold 787 shares of Qualys stock. The shares were sold at an average price of $148.23, for a total transaction of $116,657.01.
• On Thursday, June 5th, Joo Mi Kim sold 845 shares of Qualys stock. The stock was sold at an average price of $139.96, for a total transaction of $118,266.20.

Qualys Stock Performance

Shares of NASDAQ:QLYS traded down $0.17 during midday trading on Friday, reaching $128.46. 310,792 shares of the company's stock traded hands, compared to its average volume of 340,163. The company has a fifty day simple moving average of $139.60 and a two-hundred day simple moving average of $134.44. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The company has a market cap of $4.67 billion, a P/E ratio of 25.64 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The business had revenue of $164.06 million for the quarter, compared to the consensus estimate of $161.25 million. During the same period last year, the firm posted $1.52 earnings per share. The company's revenue was up 10.3% compared to the same quarter last year. As a group, research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on QLYS. Wedbush increased their price target on Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday. Morgan Stanley upped their target price on Qualys from $90.00 to $97.00 and gave the stock an "underweight" rating in a research note on Wednesday. Scotiabank raised their target price on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a report on Wednesday. Wall Street Zen raised Qualys from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Qualys has a consensus rating of "Hold" and a consensus target price of $141.00.

Institutional Investors Weigh In On Qualys

Several institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its stake in shares of Qualys by 2.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,006 shares of the software maker's stock valued at $572,000 after purchasing an additional 93 shares during the last quarter. Occidental Asset Management LLC boosted its holdings in Qualys by 4.3% in the second quarter. Occidental Asset Management LLC now owns 2,283 shares of the software maker's stock valued at $326,000 after purchasing an additional 95 shares during the period. Cim LLC increased its stake in shares of Qualys by 1.2% during the first quarter. Cim LLC now owns 8,561 shares of the software maker's stock worth $1,078,000 after buying an additional 98 shares during the period. State of Michigan Retirement System lifted its position in shares of Qualys by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker's stock worth $1,105,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Qualys by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the software maker's stock worth $1,297,000 after acquiring an additional 100 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.