Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells 1,330 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Qualys Stock Performance

Shares of QLYS stock opened at $122.97 on Thursday. Qualys, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $206.35. The stock has a 50 day simple moving average of $129.38 and a two-hundred day simple moving average of $144.85. The company has a market cap of $4.54 billion, a P/E ratio of 28.47 and a beta of 0.46.

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 during the quarter, compared to analyst estimates of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. On average, research analysts predict that Qualys, Inc. will post 3.94 earnings per share for the current year.

Hedge Funds Weigh In On Qualys

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in shares of Qualys in the 4th quarter valued at about $18,844,000. Dorsey Wright & Associates bought a new stake in shares of Qualys during the fourth quarter valued at approximately $4,455,000. Roberts Wealth Advisors LLC bought a new stake in shares of Qualys during the first quarter valued at approximately $863,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Qualys by 96.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,656 shares of the software maker’s stock worth $5,116,000 after purchasing an additional 15,045 shares during the period. Finally, Cim LLC bought a new position in shares of Qualys in the 4th quarter worth $1,465,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial reduced their target price on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. UBS Group reduced their price objective on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. TD Cowen reduced their price target on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Wedbush lowered their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus target price of $147.83.

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.