Choreo LLC Makes New $264,000 Investment in Qualys, Inc. (NASDAQ:QLYS)

Choreo LLC acquired a new stake in shares of Qualys, Inc. (NASDAQ:QLYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,857 shares of the software maker’s stock, valued at approximately $264,000.

Other institutional investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in Qualys during the first quarter valued at approximately $26,000. First Horizon Advisors Inc. raised its holdings in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after acquiring an additional 168 shares during the period. Sound Income Strategies LLC raised its holdings in Qualys by 545.2% in the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after acquiring an additional 169 shares during the period. DecisionPoint Financial LLC acquired a new position in Qualys during the 1st quarter worth $34,000. Finally, UMB Bank n.a. boosted its holdings 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 acquiring an additional 143 shares during the period. 99.31% of the stock is owned by institutional investors.

Qualys Stock Down 0.9 %

NASDAQ QLYS opened at $123.17 on Thursday. Qualys, Inc. has a twelve month low of $119.32 and a twelve month high of $206.35. The stock has a market cap of $4.53 billion, a P/E ratio of 28.51 and a beta of 0.46. The company’s 50-day simple moving average is $131.38 and its 200 day simple moving average is $146.35.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QLYS. DA Davidson raised Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Truist Financial cut their price target on Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. TD Cowen lowered their price objective on shares of Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and set a $140.00 target price (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $147.83.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s 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 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 legal filing with the SEC, which can be accessed through the SEC website. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 186,601 shares in the company, valued at $26,711,933.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders sold 10,205 shares of company stock valued at $1,444,369. 1.00% of the stock is currently owned by company insiders.

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.