Sumedh S. Thakar Sells 4,034 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 4,034 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the completion of the sale, the chief executive officer now directly owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $162.84 on Friday. The stock has a market capitalization of $6.02 billion, a PE ratio of 40.31 and a beta of 0.51. The business has a fifty day moving average price of $166.61 and a two-hundred day moving average price of $175.05. Qualys, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.26. The firm had revenue of $144.57 million during the quarter, compared to analysts’ expectations of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. On average, equities analysts expect that Qualys, Inc. will post 3.35 EPS for the current year.

Hedge Funds Weigh In On Qualys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System increased its stake in shares of Qualys by 3.4% in the 1st quarter. State of Michigan Retirement System now owns 9,076 shares of the software maker’s stock valued at $1,515,000 after purchasing an additional 300 shares during the last quarter. Cullinan Associates Inc. increased its stake in shares of Qualys by 78.6% in the 1st quarter. Cullinan Associates Inc. now owns 103,755 shares of the software maker’s stock valued at $17,314,000 after purchasing an additional 45,675 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Qualys by 58.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,361 shares of the software maker’s stock valued at $1,729,000 after purchasing an additional 3,804 shares during the last quarter. Roberts Wealth Advisors LLC bought a new position in shares of Qualys in the 1st quarter valued at $863,000. Finally, Sound Income Strategies LLC increased its stake in shares of Qualys by 545.2% in the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares during the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, January 16th. TD Cowen assumed coverage on Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price target for the company. Royal Bank of Canada dropped their price target on Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. StockNews.com raised Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Finally, JPMorgan Chase & Co. lifted their price target on Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $153.23.

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.