Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim Sells 1,635 Shares

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 1,635 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $138.64, for a total transaction of $226,676.40. Following the sale, the chief financial officer now owns 112,017 shares of the company's stock, valued at approximately $15,530,036.88. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, December 5th, Joo Mi Kim sold 1,332 shares of Qualys stock. The shares were sold at an average price of $157.37, for a total value of $209,616.84.

Qualys Stock Performance

QLYS traded down $1.21 during trading on Tuesday, reaching $136.21. 808,305 shares of the company traded hands, compared to its average volume of 454,726. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $201.03. The firm has a fifty day simple moving average of $145.82 and a 200 day simple moving average of $136.03. The company has a market cap of $4.98 billion, a P/E ratio of 30.00 and a beta of 0.57.

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

Analysts Set New Price Targets

Several research firms have recently commented on QLYS. Truist Financial upped their price target on shares of Qualys from $120.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Wolfe Research raised shares of Qualys from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. UBS Group lifted their price target on shares of Qualys from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Westpark Capital reissued a "hold" rating on shares of Qualys in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their target price on Qualys from $135.00 to $155.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $152.80.

Hedge Funds Weigh In On Qualys

Several institutional investors have recently added to or reduced their stakes in QLYS. Quarry LP bought a new position in shares of Qualys during the 2nd quarter valued at approximately $40,000. UMB Bank n.a. lifted its position in Qualys by 80.8% during the third quarter. UMB Bank n.a. now owns 432 shares of the software maker's stock valued at $55,000 after purchasing an additional 193 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock worth $82,000 after buying an additional 223 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Qualys by 68.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker's stock worth $94,000 after buying an additional 297 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Qualys by 21.6% in the 3rd quarter. KBC Group NV now owns 1,091 shares of the software maker's stock worth $140,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

About Qualys

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.