Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar Sells 7,000 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $136.32, for a total transaction of $954,240.00. Following the completion of the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at approximately $25,437,448.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Qualys Trading Up 0.0 %

Shares of QLYS stock opened at $136.74 on Tuesday. Qualys, Inc. has a 1 year low of $122.53 and a 1 year high of $206.35. The firm’s fifty day moving average price is $152.76 and its two-hundred day moving average price is $170.67. The firm has a market capitalization of $5.05 billion, a P/E ratio of 31.65 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The firm had revenue of $145.81 million for the quarter, compared to analyst estimates of $145.67 million. As a group, equities research analysts forecast that Qualys, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on QLYS shares. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Scotiabank started coverage on shares of Qualys in a report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price target for the company. TD Cowen started coverage on shares of Qualys in a report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Monday, May 13th. Finally, Truist Financial reduced their price objective on shares of Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Qualys has a consensus rating of “Hold” and an average target price of $162.23.

Institutional Investors Weigh In On Qualys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. acquired a new stake in Qualys in the 4th quarter valued at $30,000. Rise Advisors LLC acquired a new position in shares of Qualys during the 1st quarter worth about $26,000. Global Retirement Partners LLC increased its stake in shares of Qualys by 1,666.7% during the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares during the last quarter. Finally, DecisionPoint Financial LLC acquired a new position in shares of Qualys during the 1st quarter worth about $34,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.