Qualys Inc. (QLYS) Insider Sumedh S. Thakar Sells 1,600 Shares
Qualys Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 1,600 shares of Qualys stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $38.76, for a total value of $62,016.00. Following the sale, the insider now owns 57,335 shares in the company, valued at approximately $2,222,304.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Qualys Inc. (NASDAQ:QLYS) opened at 38.55 on Wednesday. The stock’s 50 day moving average price is $36.59 and its 200 day moving average price is $31.01. Qualys Inc. has a 52 week low of $16.96 and a 52 week high of $39.74. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 80.31 and a beta of 1.08.
Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The firm had revenue of $48.50 million for the quarter, compared to analysts’ expectations of $48.01 million. During the same quarter last year, the company posted $0.16 earnings per share. Qualys’s revenue was up 21.3% on a year-over-year basis. Equities research analysts anticipate that Qualys Inc. will post $0.79 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Texas Permanent School Fund acquired a new position in shares of Qualys during the first quarter worth about $487,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Qualys during the first quarter valued at approximately $419,000. TIAA CREF Investment Management LLC raised its stake in shares of Qualys by 22.6% in the first quarter. TIAA CREF Investment Management LLC now owns 191,057 shares of the company’s stock valued at $4,836,000 after buying an additional 35,223 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Qualys during the first quarter valued at approximately $1,455,000. Finally, BlackRock Fund Advisors raised its stake in shares of Qualys by 146.1% in the first quarter. BlackRock Fund Advisors now owns 1,518,859 shares of the company’s stock valued at $38,442,000 after buying an additional 901,656 shares during the last quarter. 70.28% of the stock is currently owned by hedge funds and other institutional investors.
QLYS has been the topic of several recent research reports. Wunderlich boosted their price target on Qualys from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. First Analysis boosted their price target on Qualys from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. Zacks Investment Research cut Qualys from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Imperial Capital restated an “outperform” rating and issued a $30.00 price target on shares of Qualys in a research report on Monday, July 25th. Finally, TheStreet upgraded Qualys from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.00.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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