Qualys, Inc. (NASDAQ:QLYS) Director John A. Zangardi Sells 1,287 Shares

Key Points

• John A. Zangardi, Director of Qualys, sold 1,287 shares of the company at an average price of $132.03, resulting in a total transaction of approximately $169,922.61, reducing his stake by 10.45%.
• Qualys reported earnings of $1.68 per share for the latest quarter, exceeding estimates by $0.21, alongside a revenue of $164.06 million, marking a year-over-year increase of 10.3%.
• Investment analysts have mixed views on Qualys, with target prices ranging from $117 to $155, and an average recommendation of "Hold" with a target price of $141.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) Director John A. Zangardi sold 1,287 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $132.03, for a total transaction of $169,922.61. Following the completion of the transaction, the director owned 11,034 shares of the company's stock, valued at approximately $1,456,819.02. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Qualys Stock Down 0.0%

NASDAQ:QLYS traded down $0.01 on Friday, reaching $129.15. The stock had a trading volume of 232,702 shares, compared to its average volume of 338,137. 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 $4.66 billion, a P/E ratio of 25.78 and a beta of 0.56. The stock has a fifty day moving average price of $138.55 and a 200-day moving average price of $133.99.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Qualys in the second quarter valued at about $44,000. SBI Securities Co. Ltd. boosted its stake 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 valued at $46,000 after purchasing an additional 167 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Qualys during the 4th quarter worth approximately $54,000. Manchester Capital Management LLC boosted its position in Qualys by 52.4% during the 1st quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock worth $55,000 after buying an additional 150 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Qualys by 82.0% during the 2nd quarter. Parallel Advisors LLC now owns 484 shares of the software maker's stock worth $69,000 after purchasing an additional 218 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on QLYS shares. UBS Group increased their target price on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Wedbush increased their target price on shares of Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their target price 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. Zacks Research upgraded shares of Qualys to a "strong-buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target 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. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $141.00.

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.

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