FCF Advisors LLC Sells 2,495 Shares of Qualys, Inc. (NASDAQ:QLYS)

FCF Advisors LLC lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 42.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,341 shares of the software maker’s stock after selling 2,495 shares during the quarter. FCF Advisors LLC’s holdings in Qualys were worth $429,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV purchased a new stake in Qualys in the fourth quarter worth approximately $154,000. Seven Eight Capital LP purchased a new stake in shares of Qualys in the 4th quarter valued at $681,000. Covenant Partners LLC grew its holdings in shares of Qualys by 3.5% during the 4th quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after purchasing an additional 84 shares during the last quarter. Cim LLC purchased a new position in Qualys in the 4th quarter worth $1,465,000. Finally, Virtu Financial LLC lifted its stake in Qualys by 140.3% in the fourth quarter. Virtu Financial LLC now owns 5,510 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 3,217 shares during the last quarter. 99.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on QLYS shares. UBS Group reduced their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Northland Securities restated a “market perform” rating and set a $140.00 price target (down from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Scotiabank lowered their price objective 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. TD Cowen dropped their price objective on Qualys from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday. Finally, Piper Sandler decreased their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $147.00.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $122.66 on Wednesday. Qualys, Inc. has a 1 year low of $119.32 and a 1 year high of $206.35. The stock has a market capitalization of $4.53 billion, a P/E ratio of 28.39 and a beta of 0.46. The company’s 50-day moving average is $126.00 and its 200 day moving average is $142.03.

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

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.15, for a total value of $1,002,050.00. Following the completion of the transaction, the chief executive officer now directly owns 186,601 shares in the company, valued at $26,711,933.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $122.19, for a total value of $77,468.46. Following the sale, the chief financial officer now directly owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.15, for a total value of $1,002,050.00. Following the transaction, the chief executive officer now owns 186,601 shares of the company’s stock, valued at $26,711,933.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,535 shares of company stock worth $1,594,720. Corporate insiders own 1.00% of the company’s stock.

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.