Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells 541 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce K. Posey sold 541 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $140.11, for a total transaction of $75,799.51. Following the transaction, the insider owned 60,643 shares in the company, valued at approximately $8,496,690.73. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Qualys Stock Down 1.7%

Shares of QLYS traded down $2.34 during trading on Friday, reaching $136.81. The company's stock had a trading volume of 375,621 shares, compared to its average volume of 279,082. The company has a fifty day moving average of $140.16 and a two-hundred day moving average of $134.58. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 27.98 and a beta of 0.62.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in QLYS. AQR Capital Management LLC grew its stake in Qualys by 96.8% during the 1st quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker's stock worth $85,394,000 after buying an additional 338,702 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Qualys by 92.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,238 shares of the software maker's stock worth $81,003,000 after buying an additional 308,635 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Qualys during the 4th quarter worth $27,086,000. Penserra Capital Management LLC grew its stake in shares of Qualys by 53.3% in the first quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker's stock worth $62,849,000 after purchasing an additional 173,512 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Qualys by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock worth $604,721,000 after purchasing an additional 131,339 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

QLYS has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective 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. Morgan Stanley lowered their price objective on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group reduced their target price on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. reduced their target price on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Finally, Scotiabank set a $142.00 target price on Qualys and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Qualys has an average rating of "Hold" and a consensus target price of $137.50.

About Qualys

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.