Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 8,500 shares of Qualys 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 transaction, the chief executive officer now owns 229,962 shares in the company, valued at approximately $32,072,800.14. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Qualys Trading Down 1.1%
Shares of Qualys stock traded down $1.47 on Friday, hitting $135.73. 666,142 shares of the company traded hands, compared to its average volume of 377,053. The company has a market cap of $4.93 billion, a PE ratio of 27.76 and a beta of 0.61. The stock's 50 day moving average price is $132.93 and its 200-day moving average price is $135.14. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $170.00.
Qualys (NASDAQ:QLYS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.21. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. During the same period in the previous year, the company posted $1.45 EPS. Qualys's revenue was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on QLYS. Scotiabank set a $142.00 target price on shares of Qualys and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Morgan Stanley cut their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Wedbush reduced their target price on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Qualys from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Qualys has a consensus rating of "Hold" and an average price target of $137.50.
Read Our Latest Report on QLYS
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its position in shares of Qualys by 3.2% in the 1st quarter. Voya Investment Management LLC now owns 293,050 shares of the software maker's stock worth $36,904,000 after purchasing an additional 9,212 shares during the period. Cim LLC lifted its holdings in Qualys by 1.2% during the first quarter. Cim LLC now owns 8,561 shares of the software maker's stock worth $1,078,000 after buying an additional 98 shares during the period. Strs Ohio bought a new stake in Qualys during the 1st quarter valued at $416,000. Intech Investment Management LLC boosted its position in Qualys by 35.6% during the 1st quarter. Intech Investment Management LLC now owns 23,988 shares of the software maker's stock valued at $3,021,000 after acquiring an additional 6,292 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Qualys by 92.2% in 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 acquiring an additional 308,635 shares during the period. 99.31% of the stock is currently owned by institutional investors.
About Qualys
(
Get Free Report)
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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