Sumedh S. Thakar Sells 15,000 Shares of Qualys, Inc. (QLYS) Stock
Qualys, Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $55.05, for a total transaction of $825,750.00. Following the completion of the sale, the insider now owns 211,346 shares of the company’s stock, valued at approximately $11,634,597.30. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Qualys, Inc. (QLYS) traded up $1.60 on Friday, hitting $57.35. 328,167 shares of the stock traded hands, compared to its average volume of 328,089. The company has a market cap of $2,148.13, a price-to-earnings 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The company had revenue of $59.49 million for the quarter, compared to analyst estimates of $58.59 million. During the same quarter in the prior year, the business posted $0.22 EPS. Qualys’s quarterly revenue was up 16.7% on a year-over-year basis. analysts expect that Qualys, Inc. will post 0.56 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Qualys by 157,222.3% during the 1st quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock worth $127,537,000 after purchasing an additional 3,362,985 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Qualys by 2.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock valued at $92,374,000 after buying an additional 57,088 shares during the last quarter. Wells Fargo & Company MN grew its stake in Qualys by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 175,591 shares of the software maker’s stock valued at $7,164,000 after buying an additional 4,622 shares during the last quarter. Legal & General Group Plc grew its stake in Qualys by 19.2% in the 2nd quarter. Legal & General Group Plc now owns 57,664 shares of the software maker’s stock valued at $2,353,000 after buying an additional 9,285 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Qualys by 24.8% in the 2nd quarter. Alliancebernstein L.P. now owns 50,768 shares of the software maker’s stock valued at $2,071,000 after buying an additional 10,083 shares during the last quarter. Institutional investors own 73.47% of the company’s stock.
A number of equities research analysts have issued reports on QLYS shares. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Thursday, July 20th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 target price (up previously from $45.00) on shares of Qualys in a research report on Thursday, July 20th. Monness Crespi & Hardt started coverage on shares of Qualys in a research report on Monday, July 10th. They issued a “neutral” rating for the company. Robert W. Baird set a $42.00 target price on shares of Qualys and gave the stock a “hold” rating in a research report on Sunday, July 30th. Finally, Northland Securities set a $48.00 target price on shares of Qualys and gave the stock a “buy” rating in a research report on Saturday, July 22nd. 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.14.
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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