Sumedh S. Thakar Sells 8,500 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 8,500 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $136.30, for a total transaction of $1,158,550.00. Following the sale, the chief executive officer now owns 237,962 shares of the company’s stock, valued at approximately $32,434,220.60. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Qualys Stock Performance

Shares of QLYS stock opened at $142.56 on Wednesday. The stock has a market capitalization of $5.18 billion, a P/E ratio of 30.66 and a beta of 0.61. The company has a 50 day moving average price of $128.65 and a 200 day moving average price of $136.16. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.46 by $0.21. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The company had revenue of $159.90 million during the quarter, compared to analysts’ expectations of $157.05 million. During the same quarter in the previous year, the business posted $1.45 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. On average, research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QLYS has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Monday, February 10th. Wedbush cut their price objective on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on shares of Qualys from $122.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Scotiabank set a $142.00 price objective on shares of Qualys and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. Finally, Northland Securities reiterated a “market perform” rating and set a $146.00 price target (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Qualys during the 4th quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Qualys during the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC lifted its position in shares of Qualys by 88.1% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker’s stock worth $47,000 after buying an additional 156 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Qualys during the 4th quarter worth approximately $54,000. Finally, Fifth Third Bancorp lifted its position in shares of Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds 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.