Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Director Sells 4,000 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) Director Jeffrey P. Hank sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $128.93, for a total transaction of $515,720.00. Following the completion of the transaction, the director now directly owns 12,666 shares of the company's stock, valued at approximately $1,633,027.38. The trade was a 24.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Qualys Trading Down 0.9 %

Shares of NASDAQ:QLYS traded down $1.17 during midday trading on Friday, hitting $132.31. The stock had a trading volume of 341,413 shares, compared to its average volume of 387,678. The stock has a 50 day moving average price of $125.57 and a two-hundred day moving average price of $135.96. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The company has a market capitalization of $4.81 billion, a PE ratio of 28.45 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. The firm had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.52% and a net margin of 28.59%. Qualys's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share. As a group, equities analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Qualys in the fourth quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Qualys in the fourth quarter valued at about $39,000. Quadrant Capital Group LLC grew its position in shares of Qualys by 88.1% in the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after purchasing an additional 156 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Qualys during the 4th quarter worth approximately $54,000. Finally, Fifth Third Bancorp raised its position in shares of Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after purchasing an additional 99 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on QLYS. Wedbush reduced their price target on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday. Needham & Company LLC reiterated a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Scotiabank set a $142.00 price objective on Qualys and gave the stock a "sector perform" rating in a research report on Wednesday. Morgan Stanley cut their price target on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Loop Capital decreased their price objective on shares of Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, February 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.