Sumedh Thakar Sells 3,200 Shares of Qualys (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYSGet Free Report) CEO Sumedh Thakar sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $170.05, for a total value of $544,160.00. Following the completion of the sale, the chief executive officer directly owned 180,338 shares of the company’s stock, valued at approximately $30,666,476.90. This represents a 1.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualys Stock Up 7.2%

Shares of QLYS traded up $12.46 during mid-day trading on Tuesday, hitting $185.37. 1,195,679 shares of the company traded hands, compared to its average volume of 614,118. Qualys, Inc. has a 1-year low of $74.51 and a 1-year high of $201.54. The company has a market capitalization of $6.41 billion, a PE ratio of 32.07 and a beta of 0.62. The business has a 50 day moving average of $167.20 and a 200 day moving average of $123.99.

Qualys (NASDAQ:QLYSGet Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. The company had revenue of $182.18 million during the quarter, compared to analysts’ expectations of $178.57 million. Qualys had a net margin of 29.38% and a return on equity of 37.52%. Qualys’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business earned $1.68 EPS. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. As a group, research analysts expect that Qualys, Inc. will post 5.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Qualys

Several institutional investors have recently made changes to their positions in QLYS. Kilter Group LLC purchased a new stake in Qualys during the second quarter worth $31,000. Continuum Advisory LLC purchased a new position in Qualys in the second quarter valued at $33,000. Root Financial Partners LLC raised its position in shares of Qualys by 206.2% in the first quarter. Root Financial Partners LLC now owns 297 shares of the software maker’s stock worth $26,000 after acquiring an additional 200 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of Qualys during the 4th quarter worth about $43,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Qualys during the 2nd quarter worth about $51,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QLYS has been the topic of several research reports. Truist Financial upped their target price on Qualys from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. DA Davidson boosted their price target on Qualys from $135.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on Qualys from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Wedbush cut Qualys from an “outperform” rating to a “neutral” rating and set a $175.00 price objective for the company. in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on Qualys from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $173.87.

View Our Latest Research Report on QLYS

About Qualys

(Get Free Report)

Qualys, Inc is a cloud-based security and compliance company that helps organizations identify, assess and manage cyber risk across their information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across networks, endpoints, applications and cloud infrastructure.

The company’s offerings include vulnerability management, asset inventory, policy compliance, cloud security, web application security and endpoint detection and response.

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