Sumedh S. Thakar Sells 8,500 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 8,500 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $139.47, for a total transaction of $1,185,495.00. Following the completion of the transaction, the chief executive officer now owns 229,962 shares of the company's stock, valued at $32,072,800.14. This represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Qualys Price Performance

Shares of QLYS stock traded up $0.96 during trading hours on Tuesday, reaching $140.20. 325,854 shares of the company's stock were exchanged, compared to its average volume of 376,701. The company's 50 day moving average is $132.18 and its two-hundred day moving average is $135.41. The company has a market cap of $5.09 billion, a P/E ratio of 28.67 and a beta of 0.61. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.21. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The firm had revenue of $159.90 million during the quarter, compared to analysts' expectations of $157.05 million. During the same quarter in the prior year, the business posted $1.45 earnings per share. Qualys's revenue was up 9.7% compared to the same quarter last year. As a group, analysts predict that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Institutional Trading of Qualys

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Qualys by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock worth $604,721,000 after acquiring an additional 131,339 shares in the last quarter. Geode Capital Management LLC raised its holdings in Qualys by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker's stock worth $178,445,000 after purchasing an additional 16,369 shares during the last quarter. Legal & General Group Plc boosted its position in Qualys by 10.2% during the fourth quarter. Legal & General Group Plc now owns 954,583 shares of the software maker's stock worth $133,852,000 after purchasing an additional 88,347 shares in the last quarter. First Trust Advisors LP boosted its position in Qualys by 4.4% during the fourth quarter. First Trust Advisors LP now owns 920,163 shares of the software maker's stock worth $129,025,000 after purchasing an additional 38,880 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in 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 purchasing an additional 338,702 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Analyst Ratings Changes

QLYS has been the subject of several research reports. 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. Jefferies Financial Group reduced their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Wall Street Zen downgraded Qualys from a "buy" rating to a "hold" rating in a report on Saturday. Scotiabank set a $142.00 target price on shares of Qualys and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley reduced their price target on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of "Hold" and an average price target 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.

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