Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells 1,330 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the transaction, the insider now owns 59,286 shares of the company’s stock, valued at $8,011,910.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Qualys Price Performance

QLYS stock opened at $139.21 on Monday. The company’s 50 day simple moving average is $150.25 and its 200-day simple moving average is $169.22. Qualys, Inc. has a 52-week low of $122.53 and a 52-week high of $206.35. The firm has a market capitalization of $5.14 billion, a P/E ratio of 32.22 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 for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $145.81 million for the quarter, compared to the consensus estimate of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. Sell-side analysts predict that Qualys, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on QLYS shares. Robert W. Baird decreased their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. TD Cowen assumed coverage on Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research report on Monday, May 13th. Truist Financial decreased their price target on Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Finally, StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus target price of $162.23.

Institutional Investors Weigh In On Qualys

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Qualys in the 3rd quarter valued at $225,000. Paralel Advisors LLC raised its position in shares of Qualys by 1.1% in the third quarter. Paralel Advisors LLC now owns 14,709 shares of the software maker’s stock valued at $2,244,000 after purchasing an additional 166 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Qualys in the third quarter worth $725,000. Envestnet Asset Management Inc. grew its stake in Qualys by 59.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 109,447 shares of the software maker’s stock valued at $16,696,000 after buying an additional 40,779 shares during the last quarter. Finally, FMR LLC raised its holdings in Qualys by 2.2% in the 3rd quarter. FMR LLC now owns 517,735 shares of the software maker’s stock worth $78,980,000 after acquiring an additional 10,946 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

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.