Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 1,332 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 1,332 shares of Qualys stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $157.37, for a total transaction of $209,616.84. Following the transaction, the chief financial officer now directly owns 113,652 shares of the company's stock, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Joo Mi Kim also recently made the following trade(s):

• On Monday, October 7th, Joo Mi Kim sold 634 shares of Qualys stock. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46.

Qualys Stock Performance

NASDAQ:QLYS traded down $1.41 on Friday, reaching $155.38. The company's stock had a trading volume of 270,466 shares, compared to its average volume of 439,602. The firm has a market cap of $5.69 billion, a PE ratio of 34.53 and a beta of 0.54. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35. The business's 50-day moving average price is $136.88 and its two-hundred day moving average price is $135.32.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. As a group, sell-side analysts expect that Qualys, Inc. will post 4.34 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QLYS. Needham & Company LLC initiated coverage on shares of Qualys in a report on Wednesday, November 6th. They issued a "hold" rating on the stock. Truist Financial raised their target price on shares of Qualys from $120.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Qualys from $123.00 to $126.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Wolfe Research upgraded shares of Qualys from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group lifted their price objective on shares of Qualys from $135.00 to $155.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Qualys has a consensus rating of "Hold" and an average target price of $152.80.

Hedge Funds Weigh In On Qualys

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Qualys by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker's stock valued at $160,957,000 after purchasing an additional 20,038 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker's stock worth $118,966,000 after acquiring an additional 117,079 shares in the last quarter. CDAM UK Ltd lifted its position in shares of Qualys by 8.3% during the third quarter. CDAM UK Ltd now owns 502,913 shares of the software maker's stock worth $64,604,000 after acquiring an additional 38,509 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker's stock worth $67,607,000 after acquiring an additional 63,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Qualys by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker's stock worth $62,663,000 after acquiring an additional 3,357 shares in the last quarter. 99.31% of the stock is owned by institutional investors.

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.

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