Qualys, Inc. (NASDAQ:QLYS) Insider Sells $67,795.12 in Stock

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce K. Posey sold 524 shares of Qualys stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the transaction, the insider now directly owns 65,053 shares in the company, valued at approximately $8,416,557.14. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Qualys Price Performance

NASDAQ:QLYS traded down $0.49 during trading hours on Tuesday, reaching $129.73. The company's stock had a trading volume of 231,487 shares, compared to its average volume of 387,399. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 27.90 and a beta of 0.56. Qualys, Inc. has a one year low of $119.17 and a one year high of $174.20. The business's 50-day moving average is $135.92 and its 200-day moving average is $136.28.

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

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Hedge Funds Weigh In On Qualys

A number of institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Qualys by 208.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker's stock valued at $11,072,000 after buying an additional 58,252 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Qualys by 428.9% in the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker's stock valued at $2,345,000 after purchasing an additional 14,804 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Qualys by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock worth $64,016,000 after purchasing an additional 3,848 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Qualys by 13.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock worth $1,095,000 after purchasing an additional 933 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Qualys by 6.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker's stock worth $8,134,000 after purchasing an additional 4,040 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Wall Street Analyst Weigh In

QLYS has been the topic of several research analyst reports. StockNews.com upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Canaccord Genuity Group lowered their price target on Qualys from $170.00 to $163.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Scotiabank reduced their price objective on Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Finally, Northland Securities reiterated a "market perform" rating and issued a $146.00 target price (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $146.14.

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.