Bruce K. Posey Sells 524 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 524 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the transaction, the insider now owns 65,053 shares in the company, valued at $8,416,557.14. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Qualys Trading Down 0.7 %

Shares of NASDAQ:QLYS opened at $127.92 on Friday. The firm’s 50 day moving average is $135.99 and its two-hundred day moving average is $136.15. The firm has a market capitalization of $4.67 billion, a P/E ratio of 27.51 and a beta of 0.56. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $174.20.

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

Hedge Funds Weigh In On Qualys

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 111 Capital acquired a new stake in shares of Qualys in the 4th quarter worth approximately $299,000. Wealth Enhancement Advisory Services LLC raised its holdings in Qualys by 31.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,110 shares of the software maker’s stock worth $436,000 after purchasing an additional 746 shares in the last quarter. Cim LLC lifted its position in Qualys by 2.7% in the fourth quarter. Cim LLC now owns 8,463 shares of the software maker’s stock worth $1,187,000 after purchasing an additional 221 shares during the period. Jefferies Financial Group Inc. bought a new position in Qualys during the 4th quarter valued at $273,000. Finally, Formidable Asset Management LLC increased its position in shares of Qualys by 58.2% during the 4th quarter. Formidable Asset Management LLC now owns 8,068 shares of the software maker’s stock valued at $1,131,000 after purchasing an additional 2,967 shares during the period. Institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, February 10th. Loop Capital decreased their target price on Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, February 7th. Morgan Stanley started coverage on Qualys in a report on Tuesday, March 18th. They issued an “underweight” rating and a $120.00 price target for the company. Northland Securities restated a “market perform” rating and set a $146.00 price objective (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Finally, Scotiabank decreased their price objective on shares of Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.14.

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.