Leuthold Group LLC grew its stake in shares of Qualys, Inc. (NASDAQ:QLYS – Free Report) by 288.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,393 shares of the software maker’s stock after buying an additional 20,336 shares during the period. Leuthold Group LLC’s holdings in Qualys were worth $5,128,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Fulcrum Asset Management LLP raised its stake in Qualys by 2,020.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 3,498 shares of the software maker’s stock worth $624,000 after acquiring an additional 3,333 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Qualys by 7.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,029 shares of the software maker’s stock worth $755,000 after purchasing an additional 294 shares during the period. Hohimer Wealth Management LLC purchased a new stake in shares of Qualys in the third quarter worth $361,000. Brighton Jones LLC purchased a new stake in shares of Qualys in the third quarter worth $264,000. Finally, Ethic Inc. purchased a new stake in shares of Qualys in the third quarter worth $235,000. 99.31% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Sumedh Thakar sold 3,200 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $170.05, for a total value of $544,160.00. Following the sale, the chief executive officer directly owned 180,338 shares of the company’s stock, valued at $30,666,476.90. This represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joo Mi Kim sold 2,659 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $209.66, for a total transaction of $557,485.94. Following the completion of the sale, the chief financial officer directly owned 68,208 shares of the company’s stock, valued at approximately $14,300,489.28. The trade was a 3.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,672 shares of company stock valued at $2,192,747. Company insiders own 0.72% of the company’s stock.
Qualys Price Performance
NASDAQ:QLYS opened at $202.46 on Tuesday. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 36.11 and a beta of 0.54. Qualys, Inc. has a 1 year low of $74.51 and a 1 year high of $235.54. The stock’s 50 day simple moving average is $191.07 and its two-hundred day simple moving average is $137.06.
Qualys (NASDAQ:QLYS – Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The software maker reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.16. The firm had revenue of $188.05 million during the quarter, compared to the consensus estimate of $186.63 million. Qualys had a net margin of 29.38% and a return on equity of 37.52%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. As a group, analysts anticipate that Qualys, Inc. will post 5.84 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. TD Cowen lifted their target price on shares of Qualys from $170.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 13th. Piper Sandler increased their price target on Qualys from $100.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. DA Davidson raised their price target on Qualys from $135.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Qualys from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Qualys presently has an average rating of “Hold” and a consensus target price of $185.87.
Read Our Latest Analysis on Qualys
More Qualys News
Here are the key news stories impacting Qualys this week:
- Positive Sentiment: Q3 revenue increased 11% year over year to about $188 million, slightly above estimates, while adjusted EPS of $2.12 topped consensus. GAAP net income rose 14% to $57.2 million. Qualys Q3 Earnings and Revenues Top Estimates
- Positive Sentiment: The company raised its 2026 revenue guidance to $736.9 million–$738.9 million and GAAP diluted EPS guidance to $6.08–$6.15. Qualys Q3 Revenue Rises 11% to $188 Million
- Positive Sentiment: Qualys expanded its mROC partner program with technology alliances spanning mobile, operational technology, and identity security, broadening the reach of its cyber-risk platform. Qualys Expands Global mROC Alliance
- Negative Sentiment: Despite the earnings beat and higher annual guidance, investors focused on the Q4 revenue forecast of $191 million–$193 million, implying 9%–10% year-over-year growth. Reports attributed the stock’s decline to concern that the revenue outlook was not strong enough. Qualys Earnings Beat. Cybersecurity Stock Falls On Revenue Outlook.
Qualys Profile
Qualys, Inc provides cloud-based security and compliance software to help organizations identify and manage cybersecurity risks. Its platform brings together information about an organization’s IT assets and security posture to support vulnerability management, threat detection, and compliance activities.
Qualys offers products and services for vulnerability assessment and remediation, cloud security, endpoint protection, web application security, and policy compliance. Its solutions are designed to help customers monitor systems across cloud environments, on-premises infrastructure, and other connected assets.
Founded in 1999, Qualys is headquartered in Foster City, California, and serves customers around the world.
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