Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells 855 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce K. Posey sold 855 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the completion of the transaction, the insider now owns 63,177 shares of the company's stock, valued at $8,986,296.48. This represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Qualys Stock Down 1.1 %

Shares of NASDAQ:QLYS traded down $1.59 during midday trading on Monday, reaching $139.14. The company's stock had a trading volume of 225,667 shares, compared to its average volume of 436,172. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 30.65 and a beta of 0.54. The business has a 50 day moving average price of $142.16 and a 200 day moving average price of $135.77. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $205.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million during the quarter, compared to analysts' expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Sell-side analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QLYS. Canaccord Genuity Group increased their target price on shares of Qualys from $160.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Jefferies Financial Group raised their price objective on Qualys from $135.00 to $155.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. DA Davidson boosted their target price on Qualys from $120.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. UBS Group raised their price target on Qualys from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on shares of Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $152.80.

Hedge Funds Weigh In On Qualys

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC increased its holdings in shares of Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker's stock worth $52,401,000 after buying an additional 184,403 shares during the last quarter. Acadian Asset Management LLC increased its stake in Qualys by 95.7% during the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker's stock worth $40,771,000 after acquiring an additional 139,897 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker's stock worth $118,966,000 after purchasing an additional 117,079 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Qualys in the 2nd quarter valued at about $10,132,000. Finally, AQR Capital Management LLC grew its holdings in shares of Qualys by 25.6% during the 2nd quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker's stock worth $44,994,000 after purchasing an additional 64,394 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

Qualys Company Profile

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.