Insider Selling: Qualys, Inc. (QLYS) Insider Sells 7,694 Shares of Stock
Qualys, Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 7,694 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $46.31, for a total transaction of $356,309.14. Following the completion of the transaction, the insider now owns 128,756 shares in the company, valued at $5,962,690.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Qualys, Inc. (QLYS) traded down 2.77% during mid-day trading on Tuesday, hitting $45.55. 236,054 shares of the stock were exchanged. Qualys, Inc. has a 12-month low of $30.08 and a 12-month high of $47.50. The company has a 50 day moving average of $41.59 and a 200 day moving average of $38.67. The firm has a market cap of $1.70 billion, a P/E ratio of 44.57 and a beta of 0.93.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The company had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, equities analysts anticipate that Qualys, Inc. will post $0.90 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of Qualys by 1.9% in the first quarter. Prudential Financial Inc. now owns 53,220 shares of the software maker’s stock worth $2,017,000 after buying an additional 1,010 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Qualys by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 62,116 shares of the software maker’s stock worth $2,354,000 after buying an additional 6,221 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Qualys by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 562,465 shares of the software maker’s stock worth $17,802,000 after buying an additional 45,286 shares in the last quarter. Goodman Financial Corp increased its position in shares of Qualys by 0.8% in the first quarter. Goodman Financial Corp now owns 180,635 shares of the software maker’s stock worth $6,846,000 after buying an additional 1,480 shares in the last quarter. Finally, Financial Enhancement Group LLC bought a new position in shares of Qualys during the first quarter worth approximately $3,601,000. 75.29% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on QLYS shares. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a report on Wednesday, July 5th. Morgan Stanley reiterated an “overweight” rating and set a $50.00 target price (up from $45.00) on shares of Qualys in a report on Thursday, July 20th. Robert W. Baird reiterated a “hold” rating on shares of Qualys in a report on Wednesday, May 3rd. BidaskClub cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Northland Securities set a $48.00 target price on shares of Qualys and gave the stock a “buy” rating in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Qualys presently has an average rating of “Hold” and a consensus price target of $44.92.
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 Qualys 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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