Qualys (NASDAQ:QLYS) Insider Sells $68,644.80 in Stock

Key Points

• Qualys insider Bruce Posey sold 540 shares for approximately $68,644.80, bringing their total ownership down to 56,775 shares valued at about $7.2 million.
• The company's stock saw a slight increase, trading at $131.84 with a market cap of $4.76 billion and a price-to-earnings ratio of 26.32.
• Qualys reported a 10.3% increase in revenue year-over-year, with earnings per share of $1.68 for the last quarter, exceeding analyst expectations.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce Posey sold 540 shares of the business's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $127.12, for a total value of $68,644.80. Following the sale, the insider directly owned 56,775 shares in the company, valued at $7,217,238. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Qualys Price Performance

Shares of NASDAQ:QLYS traded up $4.21 during trading on Tuesday, hitting $131.84. The company had a trading volume of 319,488 shares, compared to its average volume of 319,685. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 26.32 and a beta of 0.62. The company has a fifty day simple moving average of $132.32 and a two-hundred day simple moving average of $133.62. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.21. The firm had revenue of $164.06 million for the quarter, compared to the consensus estimate of $161.25 million. Qualys had a return on equity of 37.19% and a net margin of 29.04%.The company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. On average, equities research analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Hedge Funds Weigh In On Qualys

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Qualys by 96.8% in the first quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker's stock valued at $85,394,000 after acquiring an additional 338,702 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 valued at $81,003,000 after purchasing an additional 308,635 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Qualys by 53.3% in the 1st quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker's stock valued at $62,849,000 after purchasing an additional 173,512 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Qualys in the 1st quarter worth approximately $13,291,000. Finally, Boston Trust Walden Corp lifted its position in shares of Qualys by 8.4% in the 2nd quarter. Boston Trust Walden Corp now owns 1,137,864 shares of the software maker's stock worth $162,567,000 after purchasing an additional 88,051 shares during the period. Institutional investors own 99.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on QLYS. Zacks Research cut shares of Qualys from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. UBS Group decreased their price objective on shares of Qualys from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Tuesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qualys in a research note on Wednesday, October 8th. Jefferies Financial Group increased their price target on Qualys from $140.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Finally, DA Davidson boosted their price objective on Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $140.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.