Cim LLC Increases Holdings in Qualys, Inc. (NASDAQ:QLYS)

Cim LLC increased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,278 shares of the software maker’s stock after purchasing an additional 820 shares during the quarter. Cim LLC’s holdings in Qualys were worth $1,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QLYS. Rise Advisors LLC purchased a new stake in Qualys during the 1st quarter valued at approximately $26,000. First Horizon Advisors Inc. increased its position in Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the last quarter. Sound Income Strategies LLC raised its stake in Qualys by 545.2% during the first 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 in the last quarter. DecisionPoint Financial LLC bought a new position in Qualys during the first quarter valued at $34,000. Finally, UMB Bank n.a. increased its holdings in shares of Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after buying an additional 143 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.15, for a total transaction of $1,002,050.00. Following the sale, the chief executive officer now owns 186,601 shares of the company’s stock, valued at approximately $26,711,933.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $144.75, for a total transaction of $91,771.50. Following the sale, the chief financial officer now directly owns 90,745 shares in the company, valued at $13,135,338.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.15, for a total transaction of $1,002,050.00. Following the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at $26,711,933.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,535 shares of company stock worth $1,609,023. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on QLYS. Royal Bank of Canada lowered their price objective on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. TD Cowen dropped their price objective on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Scotiabank decreased their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and issued a $140.00 target price (down from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Finally, Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $147.83.

Qualys Stock Performance

QLYS opened at $126.94 on Wednesday. The company has a fifty day moving average of $128.47 and a two-hundred day moving average of $143.77. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 29.38 and a beta of 0.46. Qualys, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current year.

About Qualys

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.