Insider Selling: Qualys, Inc. (QLYS) Chairman Sells 20,000 Shares of Stock
Qualys, Inc. (NASDAQ:QLYS) Chairman Philippe F. Courtot sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $56.01, for a total value of $1,120,200.00. Following the completion of the sale, the chairman now owns 5,544,435 shares in the company, valued at $310,543,804.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Qualys, Inc. (QLYS) traded up $1.60 during trading hours on Friday, hitting $57.35. The stock had a trading volume of 328,167 shares, compared to its average volume of 328,089. The firm has a market cap of $2,148.13, a PE ratio of 52.04 and a beta of 0.84.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The business had revenue of $59.49 million for the quarter, compared to the consensus estimate of $58.59 million. During the same period last year, the business posted $0.22 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. equities analysts anticipate that Qualys, Inc. will post 0.56 earnings per share for the current year.
Several equities research analysts have recently weighed in on QLYS shares. Zacks Investment Research downgraded Qualys from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Morgan Stanley downgraded Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a report on Tuesday, October 10th. BidaskClub downgraded Qualys from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Northland Securities set a $48.00 price objective on Qualys and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Needham & Company LLC assumed coverage on Qualys in a report on Monday, October 23rd. They set a “buy” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.14.
Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Qualys in the 2nd quarter valued at $103,000. Ameritas Investment Partners Inc. boosted its position in shares of Qualys by 17.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after purchasing an additional 408 shares in the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Qualys by 1,100.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock worth $155,000 after purchasing an additional 2,750 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of Qualys by 2.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after purchasing an additional 110 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Qualys by 18.6% in the 2nd quarter. US Bancorp DE now owns 4,440 shares of the software maker’s stock worth $181,000 after purchasing an additional 697 shares in the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
Qualys Company Profile
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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