Qualys, Inc. (NASDAQ:QLYS) CEO Sells $866,670.00 in Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $123.81, for a total transaction of $866,670.00. Following the sale, the chief executive officer now owns 246,313 shares of the company’s stock, valued at approximately $30,496,012.53. This represents a 2.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Qualys Trading Down 0.6 %

Shares of Qualys stock opened at $120.62 on Friday. The company has a market cap of $4.40 billion, a PE ratio of 25.94 and a beta of 0.71. The company has a 50 day moving average of $129.22 and a 200-day moving average of $135.92. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $174.20.

Qualys (NASDAQ:QLYS) last issued its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Qualys during the 4th quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Qualys during the fourth quarter worth $39,000. Quadrant Capital Group LLC lifted its stake in shares of Qualys by 88.1% in the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker’s stock valued at $47,000 after acquiring an additional 156 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Qualys during the 4th quarter valued at $54,000. Finally, Fifth Third Bancorp raised its position in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on QLYS shares. Morgan Stanley lowered their price target on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating on the stock in a report on Wednesday. Royal Bank of Canada dropped their price target on Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Monday, February 10th. Jefferies Financial Group lowered their price objective on Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Finally, Loop Capital reduced their target price on shares of Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.21.

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.