Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 162 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 162 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $120.04, for a total transaction of $19,446.48. Following the completion of the transaction, the chief financial officer now owns 107,209 shares in the company, valued at approximately $12,869,368.36. This trade represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Joo Mi Kim also recently made the following trade(s):

• On Thursday, February 13th, Joo Mi Kim sold 4,542 shares of Qualys stock. The stock was sold at an average price of $140.08, for a total transaction of $636,243.36.
• On Monday, February 10th, Joo Mi Kim sold 4,487 shares of Qualys stock. The shares were sold at an average price of $140.00, for a total transaction of $628,180.00.

Qualys Stock Down 1.5 %

Shares of NASDAQ QLYS opened at $115.21 on Wednesday. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $174.20. The company has a market cap of $4.20 billion, a PE ratio of 24.78 and a beta of 0.71. The firm’s 50-day moving average price is $131.96 and its 200-day moving average price is $136.23.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on QLYS shares. Scotiabank cut their price objective on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Royal Bank of Canada cut their price target on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Jefferies Financial Group reduced their target price on Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Morgan Stanley started coverage on shares of Qualys in a research report on Tuesday, March 18th. They set an “underweight” rating and a $120.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $144.36.

Hedge Funds Weigh In On Qualys

Several institutional investors and hedge funds have recently bought and sold shares of QLYS. Amalgamated Bank increased its holdings in Qualys by 0.5% in the 4th quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock worth $2,333,000 after acquiring an additional 77 shares in the last quarter. HighTower Advisors LLC grew its holdings in Qualys by 1.4% during the 4th quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker’s stock valued at $806,000 after buying an additional 80 shares in the last quarter. Fifth Third Bancorp increased its position in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after purchasing an additional 99 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Qualys by 12.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock worth $153,000 after buying an additional 123 shares during the last quarter. Finally, Huntington National Bank increased its stake in Qualys by 15.6% during the fourth quarter. Huntington National Bank now owns 932 shares of the software maker’s stock worth $131,000 after acquiring an additional 126 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

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.