Qualys, Inc. (NASDAQ:QLYS) Insider Sells $241,457.19 in Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,443 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $167.33, for a total value of $241,457.19. Following the completion of the sale, the insider now owns 62,614 shares of the company’s stock, valued at approximately $10,477,200.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Qualys Stock Performance

NASDAQ QLYS opened at $170.36 on Friday. The firm’s 50 day moving average price is $166.44 and its two-hundred day moving average price is $175.54. Qualys, Inc. has a twelve month low of $107.00 and a twelve month high of $206.35. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 42.17 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.82 by $0.26. The business 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, research analysts forecast that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Qualys

Several institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. increased its stake in shares of Qualys by 46.9% in the third quarter. Invesco Ltd. now owns 250,661 shares of the software maker’s stock worth $38,238,000 after acquiring an additional 80,079 shares during the last quarter. NewSquare Capital LLC bought a new stake in Qualys during the 4th quarter valued at approximately $3,731,000. Burney Co. grew its holdings in Qualys by 15.9% in the 3rd quarter. Burney Co. now owns 83,984 shares of the software maker’s stock valued at $12,812,000 after buying an additional 11,496 shares during the last quarter. Schroder Investment Management Group increased its position in Qualys by 24.1% in the 3rd quarter. Schroder Investment Management Group now owns 89,802 shares of the software maker’s stock worth $13,699,000 after buying an additional 17,456 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Qualys by 59.4% during the third quarter. Envestnet Asset Management Inc. now owns 109,447 shares of the software maker’s stock worth $16,696,000 after buying an additional 40,779 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on QLYS. Wedbush dropped their price target on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Truist Financial boosted their target price on shares of Qualys from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. TD Cowen started coverage on shares of Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 target price for the company. Stephens restated an “equal weight” rating and issued a $190.00 price target on shares of Qualys in a research report on Thursday, February 8th. Finally, Scotiabank assumed coverage on Qualys in a research report on Friday. They set a “sector perform” rating and a $172.00 price objective for the company. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $154.57.

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.