Sumedh S. Thakar sells 7,000 shares of Qualys, Inc. (NASDAQ: QLYS)

Qualys, Inc. (NASDAQ:QLYS – Get Rating) CEO Sumedh S. Thakar sold 7,000 shares in a trade that took place on Thursday, July 14. The shares were sold at an average price of $119.45, for a total transaction of $836,150.00. As a result of the transaction, the CEO now owns 169,526 shares of the company, valued at approximately $20,249,880.70. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website.

Qualys pricing performance

Shares of NASDAQ QLYS opened at $123.89 on Friday. The company has a fifty-day moving average price of $125.90 and a 200-day moving average price of $129.43. The stock has a market capitalization of $4.81 billion, a PE ratio of 51.19 and a beta of 0.75. Qualys, Inc. has a 1-year low of $97.01 and a 1-year high of $150.10.

Qualys (NASDAQ:QLYS – Get Rating) last released its results on Wednesday, May 4. The software maker reported earnings per share of $0.64 for the quarter, beating the consensus estimate of $0.53 by $0.11. The company posted revenue of $113.40 million in the quarter, compared to $112.98 million expected by analysts. Qualys has a net margin of 22.47% and a return on equity of 22.91%. Qualys quarterly revenue increased 17.1% year-over-year. During the same period last year, the company posted ($0.01) earnings per share. On average, research analysts expect Qualys, Inc. to post 2 EPS for the current year.

Hedge funds weigh on Qualys

Several institutional investors have recently bought and sold shares of QLYS. YorkBridge Wealth Partners LLC increased its stake in Qualys by 14.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 5,045 shares of the software maker valued at $692,000 after acquiring 618 additional shares last quarter. Parallel Advisors LLC increased its position in Qualys by 46.0% during the fourth quarter. Parallel Advisors LLC now owns 527 shares of the software maker valued at $72,000 after buying an additional 166 shares in the last quarter. AE Wealth Management LLC bought a new position in Qualys during the fourth quarter worth $269,000. Retirement Systems of Alabama increased its position in Qualys by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 112,220 shares of the software maker valued at $15,399,000 after buying 354 additional shares in the last quarter. Finally, Sciencast Management LP bought a new position in Qualys during the fourth quarter worth $879,000. 99.29% of the shares are held by hedge funds and other institutional investors.

A Wall Street analyst gives his opinion

QLYS has been the subject of several recent research reports. upgraded Qualys shares from a “hold” to a “buy” rating in a Wednesday, June 22 research report. DA Davidson launched coverage on Qualys shares in a research report on Friday. They issued a “neutral” rating and a price target of $120.00 on the stock. Wolfe Research launched coverage on Qualys shares in a research report on Monday, April 11. They issued an “outperform” rating and a price target of $162.00 on the stock. Finally, Wedbush raised its price target on Qualys stock from $146.00 to $160.00 and gave the stock an “outperform” rating in a Thursday, April 14 research report. One analyst rated the stock with a sell rating, six issued a hold rating and five issued a buy rating for the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $130.00.

Qualys Company Profile

(Get a rating)

Qualys, Inc provides cloud-based information technology (IT), security and compliance solutions in the United States and around the world. The company offers Qualys Cloud Apps, which includes vulnerability management; Management, detection and response to vulnerabilities; threat protection; Continuous monitoring; Patch management; Detection and response to multi-vector endpoints; certificate assessment; SaaS detection and response; Secure enterprise mobility; Compliance Policy; security configuration assessment; PCI compliance; File integrity monitoring; Security Assessment Questionnaire; out-of-band configuration assessment; Web application scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity asset management; Inventory of certificates; Cloud inventory; Cloud security assessment; and container security.

Further reading

Insider buying and selling by quarter for Qualys (NASDAQ:QLYS)

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