Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $123.81, for a total value of $866,670.00. Following the sale, the chief executive officer now directly owns 246,313 shares in the company, valued at approximately $30,496,012.53. The trade was a 2.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Qualys Price Performance
NASDAQ QLYS opened at $123.97 on Wednesday. The company has a fifty day moving average of $129.85 and a 200 day moving average of $136.08. The company has a market capitalization of $4.52 billion, a PE ratio of 26.66 and a beta of 0.71. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $174.20.
Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Research analysts expect 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 company. MML Investors Services LLC lifted its stake in shares of Qualys by 21.6% in the 3rd quarter. MML Investors Services LLC now owns 20,864 shares of the software maker's stock valued at $2,680,000 after purchasing an additional 3,701 shares during the period. Barclays PLC increased its holdings in Qualys by 101.8% in the third quarter. Barclays PLC now owns 112,214 shares of the software maker's stock valued at $14,415,000 after buying an additional 56,613 shares in the last quarter. M&T Bank Corp raised its position in shares of Qualys by 36.7% in the third quarter. M&T Bank Corp now owns 2,262 shares of the software maker's stock worth $291,000 after acquiring an additional 607 shares during the period. Geode Capital Management LLC boosted its stake in shares of Qualys by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker's stock worth $160,957,000 after acquiring an additional 20,038 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Qualys by 16.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,650 shares of the software maker's stock valued at $212,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 99.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price objective on Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Loop Capital lowered their price target on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a report on Friday, February 7th. StockNews.com upgraded shares of Qualys from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley initiated coverage on shares of Qualys in a research report on Tuesday, March 18th. They issued an "underweight" rating and a $120.00 price objective for the company. Finally, Scotiabank dropped their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $144.36.
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About Qualys
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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.
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