Qualys (NASDAQ:QLYS) CEO Sumedh Thakar Sells 8,500 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh Thakar sold 8,500 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $126.82, for a total transaction of $1,077,970.00. Following the sale, the chief executive officer directly owned 203,951 shares in the company, valued at $25,865,065.82. The trade was a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Qualys Price Performance

NASDAQ:QLYS opened at $127.77 on Thursday. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The company’s 50-day simple moving average is $132.34 and its 200 day simple moving average is $133.47. The firm has a market capitalization of $4.61 billion, a P/E ratio of 25.50 and a beta of 0.62.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The business had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Qualys’s quarterly revenue was up 10.3% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. On average, equities research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in Qualys by 4.6% during the second quarter. Captrust Financial Advisors now owns 2,038 shares of the software maker’s stock valued at $291,000 after buying an additional 90 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Qualys by 2.4% during the second quarter. Arkadios Wealth Advisors now owns 4,006 shares of the software maker’s stock valued at $572,000 after buying an additional 93 shares during the last quarter. Occidental Asset Management LLC increased its holdings in Qualys by 4.3% during the second quarter. Occidental Asset Management LLC now owns 2,283 shares of the software maker’s stock valued at $326,000 after buying an additional 95 shares during the last quarter. Cim LLC increased its holdings in Qualys by 1.2% during the first quarter. Cim LLC now owns 8,561 shares of the software maker’s stock valued at $1,078,000 after buying an additional 98 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in Qualys by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker’s stock valued at $1,105,000 after buying an additional 100 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. DA Davidson lifted their target price on shares of Qualys from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Scotiabank lifted their target price on shares of Qualys from $142.00 to $150.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Morgan Stanley lifted their target price on shares of Qualys from $90.00 to $97.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Wall Street Zen cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Wedbush lifted their target price on shares of Qualys from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Qualys presently has a consensus rating of “Hold” and an average target price of $141.00.

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.