Qualys (NASDAQ:QLYS) CEO Sumedh Thakar Sells 3,200 Shares of Company Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh Thakar sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $190.36, for a total value of $609,152.00. Following the transaction, the chief executive officer owned 177,138 shares in the company, valued at approximately $33,719,989.68. This represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualys Price Performance

QLYS stock opened at $192.65 on Friday. The business has a 50 day simple moving average of $182.90 and a 200-day simple moving average of $138.30. The firm has a market capitalization of $6.67 billion, a PE ratio of 32.47 and a beta of 0.60. Qualys, Inc. has a 1 year low of $74.51 and a 1 year high of $206.25.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%. The business had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. During the same period last year, the company earned $1.68 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. On average, equities research analysts expect that Qualys, Inc. will post 5.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on QLYS. Royal Bank Of Canada increased their price objective on Qualys from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Northland Securities set a $208.00 target price on Qualys in a research report on Wednesday, August 5th. DA Davidson upped their price target on Qualys from $135.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Scotiabank increased their price target on Qualys from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Wedbush lowered shares of Qualys from an “outperform” rating to a “neutral” rating and set a $175.00 target price for the company. in a research note on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Qualys currently has an average rating of “Hold” and an average price target of $180.53.

Institutional Investors Weigh In On Qualys

Several institutional investors and hedge funds have recently modified their holdings of QLYS. ZWJ Investment Counsel Inc. increased its stake in Qualys by 4.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 2,114 shares of the software maker’s stock worth $396,000 after purchasing an additional 98 shares during the period. ANB Bank acquired a new stake in Qualys during the 3rd quarter worth approximately $333,000. GAMMA Investing LLC boosted its position in Qualys by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,086 shares of the software maker’s stock valued at $390,000 after buying an additional 508 shares during the period. Farther Finance Advisors LLC boosted its position in Qualys by 25.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 527 shares of the software maker’s stock valued at $99,000 after buying an additional 108 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Qualys by 170.8% in the second quarter. Sequoia Financial Advisors LLC now owns 7,527 shares of the software maker’s stock valued at $1,035,000 after purchasing an additional 4,747 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

About Qualys

Qualys, Inc provides cloud-based information technology, security and compliance solutions for organizations worldwide. Its platform is designed to help businesses identify, assess and manage security vulnerabilities across their networks, endpoints, cloud environments and web applications.

The company’s offerings include vulnerability management, asset inventory, security and compliance assessment, web application security, endpoint detection and response, and cloud security capabilities.