Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,542 shares of the software maker’s stock after selling 225 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Qualys were worth $790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in shares of Qualys in the 1st quarter worth approximately $26,000. First Horizon Advisors Inc. boosted its holdings 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 period. Sound Income Strategies LLC increased 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 during the last quarter. DecisionPoint Financial LLC acquired a new stake in shares of Qualys during the first quarter worth $34,000. Finally, UMB Bank n.a. lifted its position 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. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Trading Up 2.1 %

Shares of NASDAQ:QLYS opened at $127.01 on Tuesday. The company has a 50 day moving average of $130.33 and a 200-day moving average of $145.31. The firm has a market cap of $4.69 billion, a P/E ratio of 29.40 and a beta of 0.46. Qualys, Inc. has a twelve month low of $119.32 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly 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 during the quarter, compared to analyst estimates of $148.80 million. During the same period last year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts forecast that Qualys, Inc. will post 3.94 EPS for the current year.

Insider Transactions at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 186,601 shares in the company, valued at $26,711,933.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the transaction, the insider now directly owns 58,947 shares in the company, valued at $8,450,052.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at approximately $26,711,933.15. The disclosure for this sale can be found here. Insiders have sold 11,535 shares of company stock valued at $1,609,023 in the last quarter. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

QLYS has been the topic of several research reports. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Monday, August 5th. UBS Group cut their price target on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. TD Cowen cut their target price on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial reduced their price target on shares of Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Three equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $147.83.

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.