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

Key Points

• Qualys, Inc. CEO Sumedh S. Thakar sold 8,500 shares of the company's stock for an approximate total value of $1.1 million, reducing his ownership by 3.93% to 207,920 shares.
• The company's stock recently traded down 0.01 to $129.15, while the firm reported a 10.3% year-over-year increase in revenue for the latest quarter.
• Analysts have varying ratings on Qualys, with a consensus target price of $141.00, including recommendations to hold and a few sell ratings.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 8,500 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $129.95, for a total value of $1,104,575.00. Following the completion of the transaction, the chief executive officer owned 207,920 shares of the company's stock, valued at approximately $27,019,204. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Qualys Trading Down 0.0%

Shares of QLYS stock traded down $0.01 on Friday, hitting $129.15. The stock had a trading volume of 232,702 shares, compared to its average volume of 338,137. The company has a fifty day moving average price of $138.55 and a two-hundred day moving average price of $133.99. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00. The firm has a market cap of $4.66 billion, a P/E ratio of 25.78 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to analysts' expectations of $161.25 million. During the same period last year, the firm earned $1.52 earnings per share. The business's revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current year.

Institutional Investors Weigh In On Qualys

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Trust Walden Corp boosted its holdings in 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 buying an additional 88,051 shares during the period. First Trust Advisors LP lifted its stake in shares of Qualys by 4.1% in the second quarter. First Trust Advisors LP now owns 1,115,717 shares of the software maker's stock worth $159,402,000 after buying an additional 44,000 shares in the last quarter. Legal & General Group Plc lifted its position in Qualys by 6.7% during the second quarter. Legal & General Group Plc now owns 1,051,673 shares of the software maker's stock valued at $150,253,000 after purchasing an additional 65,924 shares during the period. AQR Capital Management LLC raised its position in shares of Qualys by 46.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,012,100 shares of the software maker's stock valued at $144,133,000 after purchasing an additional 323,324 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Qualys by 92.2% during the first 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 in the last quarter. 99.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

QLYS has been the topic of a number of recent research reports. Scotiabank boosted their price objective on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. Jefferies Financial Group increased their price objective on Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Wall Street Zen cut Qualys from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lowered 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. Finally, DA Davidson increased their price objective on Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $141.00.

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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