Qualys Inc (NASDAQ:QLYS) insider Sumedh S. Thakar sold 6,980 shares of Qualys stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $82.99, for a total value of $579,270.20. Following the completion of the sale, the insider now owns 173,583 shares of the company’s stock, valued at $14,405,653.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of NASDAQ:QLYS opened at $82.34 on Friday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 69.19 and a beta of 1.33. The stock’s 50-day simple moving average is $86.88 and its two-hundred day simple moving average is $86.14. Qualys Inc has a 52-week low of $65.93 and a 52-week high of $97.12.
Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Qualys had a return on equity of 16.53% and a net margin of 22.45%. The business had revenue of $78.93 million for the quarter, compared to analysts’ expectations of $78.54 million. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities analysts forecast that Qualys Inc will post 1.42 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System lifted its position in shares of Qualys by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 25,985 shares of the software maker’s stock valued at $2,150,000 after buying an additional 243 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Qualys by 94.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,887 shares of the software maker’s stock valued at $653,000 after buying an additional 3,821 shares in the last quarter. Brinker Capital Inc. lifted its position in shares of Qualys by 74.1% during the 1st quarter. Brinker Capital Inc. now owns 16,135 shares of the software maker’s stock valued at $1,335,000 after buying an additional 6,867 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Qualys by 43.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after buying an additional 165 shares in the last quarter. Finally, Boston Advisors LLC lifted its position in shares of Qualys by 81.5% during the 1st quarter. Boston Advisors LLC now owns 40,188 shares of the software maker’s stock valued at $3,325,000 after buying an additional 18,045 shares in the last quarter. 85.98% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on QLYS shares. Cowen started coverage on Qualys in a report on Thursday, May 23rd. They issued an “outperform” rating and a $100.00 price objective for the company. Royal Bank of Canada lifted their price objective on Qualys to $90.00 and gave the stock a “sector perform” rating in a report on Thursday, May 2nd. ValuEngine cut Qualys from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. JMP Securities raised their target price on Qualys from $85.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 2nd. Finally, BidaskClub raised Qualys from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $95.06.
Qualys Company Profile
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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