Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells 524 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce K. Posey sold 524 shares of Qualys stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total value of $67,795.12. Following the completion of the sale, the insider now directly owns 65,053 shares of the company's stock, valued at approximately $8,416,557.14. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Qualys Trading Down 0.5 %

NASDAQ:QLYS traded down $0.67 on Wednesday, reaching $129.06. The stock had a trading volume of 193,184 shares, compared to its average volume of 386,554. The company has a 50-day moving average of $135.81 and a 200 day moving average of $136.34. The stock has a market cap of $4.71 billion, a P/E ratio of 27.75 and a beta of 0.56. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.20.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. On average, equities analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

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Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QLYS. Assenagon Asset Management S.A. grew its stake in Qualys by 1,386.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker's stock worth $49,876,000 after purchasing an additional 331,766 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Qualys during the 4th quarter worth approximately $27,086,000. Vanguard Group Inc. grew its position in shares of Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock worth $604,721,000 after acquiring an additional 131,339 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of Qualys by 13.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock valued at $147,178,000 after acquiring an additional 123,530 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Qualys by 37.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 423,576 shares of the software maker's stock valued at $59,393,000 after acquiring an additional 115,427 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on QLYS. Northland Securities reiterated a "market perform" rating and issued a $146.00 price target (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. Royal Bank of Canada reduced their target price on Qualys from $162.00 to $135.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Morgan Stanley started coverage on Qualys in a research note on Tuesday, March 18th. They set an "underweight" rating and a $120.00 price target for the company. Loop Capital reduced their price objective on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Qualys from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $146.14.

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.