Jeffrey P. Hank Sells 4,000 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) Director Jeffrey P. Hank sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $146.31, for a total value of $585,240.00. Following the transaction, the director now owns 12,666 shares in the company, valued at $1,853,162.46. This trade represents a 24.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $141.45 on Wednesday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35. The stock’s 50-day simple moving average is $129.74 and its 200-day simple moving average is $134.95. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 31.16 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. As a group, research analysts predict that Qualys, Inc. will post 4.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on QLYS shares. Morgan Stanley increased their price objective on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Needham & Company LLC initiated coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating for the company. TD Cowen upped their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their target price on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, Wedbush cut their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $152.80.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its stake in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares in the last quarter. UMB Bank n.a. raised its stake in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after buying an additional 143 shares in the last quarter. Quarry LP bought a new position in Qualys during the 2nd quarter worth approximately $40,000. DT Investment Partners LLC acquired a new position in shares of Qualys in the 2nd quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

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.