Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Director Sells 4,000 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) Director Jeffrey P. Hank sold 4,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $128.93, for a total value of $515,720.00. Following the sale, the director now owns 12,666 shares in the company, valued at $1,633,027.38. The trade was a 24.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Qualys Trading Down 0.9 %

NASDAQ:QLYS opened at $132.31 on Friday. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The stock has a 50-day moving average price of $125.57 and a two-hundred day moving average price of $135.96. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 28.45 and a beta of 0.61.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.21. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.52% and a net margin of 28.59%. Qualys’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. Sell-side analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Institutional Investors Weigh In On Qualys

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock valued at $64,016,000 after purchasing an additional 3,848 shares during the period. Raymond James Financial Inc. acquired a new stake in Qualys in the 4th quarter valued at approximately $15,937,000. Mirae Asset Global Investments Co. Ltd. raised its position in Qualys by 13.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock valued at $1,095,000 after buying an additional 933 shares during the last quarter. Trust Point Inc. acquired a new position in Qualys during the 4th quarter worth approximately $376,000. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Qualys by 26.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker’s stock worth $596,000 after acquiring an additional 902 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on QLYS shares. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Monday, February 10th. Morgan Stanley decreased their price target on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada boosted their price objective on shares of Qualys from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Loop Capital decreased their price objective on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. Finally, Northland Securities restated a “market perform” rating and set a $146.00 target price (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $137.50.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.