Joo Mi Kim Sells 1,358 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 1,358 shares of the company’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $124.87, for a total value of $169,573.46. Following the sale, the chief financial officer now owns 105,740 shares of the company’s stock, valued at approximately $13,203,753.80. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, April 7th, Joo Mi Kim sold 162 shares of Qualys stock. The shares were sold at an average price of $120.04, for a total value of $19,446.48.
• 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 Performance

Shares of NASDAQ QLYS opened at $124.10 on Friday. The company’s 50 day moving average price is $130.64 and its 200-day moving average price is $136.14. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $174.20. The company has a market capitalization of $4.53 billion, a P/E ratio of 26.69 and a beta of 0.71.

Qualys (NASDAQ:QLYS) last released its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) 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 forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on QLYS shares. Canaccord Genuity Group cut their target price on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Northland Securities reiterated a “market perform” rating and issued a $146.00 price target (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research report on Saturday. Loop Capital dropped 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. Finally, Jefferies Financial Group reduced their price target on Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, March 31st. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $144.36.

Institutional Investors Weigh In On Qualys

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in Qualys by 21.5% in the third quarter. FMR LLC now owns 57,399 shares of the software maker’s stock worth $7,374,000 after purchasing an additional 10,170 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Qualys by 21.6% in the 3rd quarter. MML Investors Services LLC now owns 20,864 shares of the software maker’s stock valued at $2,680,000 after acquiring an additional 3,701 shares in the last quarter. Barclays PLC increased its stake in shares of Qualys by 101.8% in the 3rd quarter. Barclays PLC now owns 112,214 shares of the software maker’s stock valued at $14,415,000 after acquiring an additional 56,613 shares in the last quarter. M&T Bank Corp lifted its position in shares of Qualys by 36.7% during the 3rd quarter. M&T Bank Corp now owns 2,262 shares of the software maker’s stock valued at $291,000 after acquiring an additional 607 shares during the period. Finally, Vestcor Inc boosted its stake in Qualys by 174.0% during the third quarter. Vestcor Inc now owns 11,085 shares of the software maker’s stock worth $1,424,000 after acquiring an additional 7,040 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

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.