Sumedh S. Thakar Sells 7,000 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $123.81, for a total transaction of $866,670.00. Following the sale, the chief executive officer now directly owns 246,313 shares of the company's stock, valued at $30,496,012.53. The trade was a 2.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Qualys Trading Down 0.6 %

NASDAQ QLYS traded down $0.73 during trading on Friday, hitting $120.62. 408,065 shares of the company's stock were exchanged, compared to its average volume of 397,447. The company has a market cap of $4.40 billion, a PE ratio of 25.94 and a beta of 0.71. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $174.20. The stock's 50 day moving average price is $128.89 and its two-hundred day moving average price is $135.94.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on QLYS shares. Jefferies Financial Group dropped their price target on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a report on Monday, March 31st. Canaccord Genuity Group reduced their target price on shares of Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Loop Capital decreased their price target on shares of Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada dropped their price objective on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Finally, Scotiabank decreased their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of "Hold" and a consensus price target of $142.21.

Hedge Funds Weigh In On Qualys

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Qualys in the fourth quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in Qualys during the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC grew its holdings in Qualys by 88.1% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after acquiring an additional 156 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Qualys in the 4th quarter valued at approximately $54,000. Finally, Fifth Third Bancorp raised its stake in shares of Qualys by 33.9% during the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock valued at $55,000 after acquiring an additional 99 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

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.