Qualys (NASDAQ:QLYS) CEO Sumedh Thakar Sells 8,500 Shares

Key Points

• Qualys CEO Sumedh Thakar sold 8,500 shares of the company at an average price of $126.82, totaling approximately $1.08 million, resulting in a 4% reduction in his holdings.
• The company reported earnings per share of $1.68 for the last quarter, exceeding analysts' estimates of $1.47, with a year-over-year revenue increase of 10.3%.
• Wall Street analysts have mixed ratings on Qualys, with a consensus rating of "Hold" and target prices ranging from $141.00 to $155.00.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh Thakar sold 8,500 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $126.82, for a total transaction of $1,077,970.00. Following the completion of the sale, the chief executive officer owned 203,951 shares of the company's stock, valued at approximately $25,865,065.82. The trade was a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Qualys Stock Up 0.1%

QLYS traded up $0.13 during midday trading on Wednesday, reaching $127.77. 408,749 shares of the company's stock were exchanged, compared to its average volume of 333,533. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 25.50 and a beta of 0.62. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The business has a 50-day simple moving average of $132.39 and a two-hundred day simple moving average of $133.51.

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 for the quarter, topping the consensus estimate of $1.47 by $0.21. The company had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company's revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $1.52 earnings per share. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research cut shares of Qualys from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Wedbush upped their target price on shares of Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. UBS Group increased their price target on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Scotiabank increased their target price on shares of Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Qualys presently has a consensus rating of "Hold" and a consensus target price of $141.00.

Hedge Funds Weigh In On Qualys

Several large investors have recently modified their holdings of QLYS. Captrust Financial Advisors lifted its position in shares of Qualys by 4.6% during the second quarter. Captrust Financial Advisors now owns 2,038 shares of the software maker's stock valued at $291,000 after purchasing an additional 90 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Qualys by 2.4% in the second 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 period. Occidental Asset Management LLC raised its position in shares of 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 grew its stake in Qualys by 1.2% during the first quarter. Cim LLC now owns 8,561 shares of the software maker's stock valued at $1,078,000 after acquiring an additional 98 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in Qualys by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker's stock valued at $1,105,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 99.31% of the company's stock.

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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