Insider Selling: Philippe Courtot Sells 1,478 Shares of Qualys Stock (QLYS)
Qualys (NASDAQ:QLYS) CEO Philippe Courtot sold 1,478 shares of the stock on the open market in a transaction dated Friday, October 18th. The shares were sold at an average price of $23.00, for a total transaction of $33,994.00. Following the completion of the transaction, the chief executive officer now directly owns 6,083,863 shares in the company, valued at approximately $139,928,849. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Qualys from an “overweight” rating to a “neutral” rating in a research note to investors on Friday. They now have a $24.00 price target on the stock, up previously from $20.00. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Qualys in a research note to investors on Thursday. They set a “hold” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Qualys from $20.00 to $24.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $20.38.
Shares of Qualys (NASDAQ:QLYS) traded up 2.71% during mid-day trading on Monday, hitting $22.74. The stock had a trading volume of 187,558 shares. Qualys has a one year low of $10.15 and a one year high of $23.21. The stock has a 50-day moving average of $21.59 and a 200-day moving average of $16.45. The company has a market cap of $727.7 million and a price-to-earnings ratio of 303.29.
Qualys (NASDAQ:QLYS) last released its earnings data on Monday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $26.30 million for the quarter, compared to the consensus estimate of $26.14 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis.
Qualys, Inc (NASDAQ:QLYS) is a provider of clouds security and compliance solutions that enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber attacks and achieve compliance with internal policies and external regulations.
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