Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC decreased its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 46.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,010 shares of the software maker's stock after selling 13,621 shares during the quarter. Townsquare Capital LLC's holdings in Qualys were worth $2,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. First Horizon Advisors Inc. grew its stake in Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker's stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. increased its stake in Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker's stock worth $34,000 after buying an additional 143 shares in the last quarter. Quarry LP purchased a new stake in shares of Qualys in the second quarter valued at approximately $40,000. DT Investment Partners LLC acquired a new position in shares of Qualys in the 2nd quarter valued at $41,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock valued at $82,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QLYS. Wedbush decreased their price objective on shares of Qualys from $190.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Truist Financial upped their target price on Qualys from $120.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. UBS Group increased their price objective on Qualys from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Northland Securities reiterated a "market perform" rating and issued a $140.00 target price (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group increased their price target on shares of Qualys from $135.00 to $155.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Three 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $152.80.

Insider Transactions at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the sale, the chief executive officer now directly owns 225,453 shares of the company's stock, valued at approximately $33,741,295.98. This represents a 3.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,919 shares of company stock valued at $2,993,000 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Qualys Price Performance

Shares of QLYS traded up $1.99 on Monday, reaching $155.59. The company's stock had a trading volume of 348,474 shares, compared to its average volume of 441,436. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $206.35. The stock has a market capitalization of $5.69 billion, a P/E ratio of 34.32 and a beta of 0.47. The stock's 50 day simple moving average is $134.34 and its two-hundred day simple moving average is $134.89.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. Analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.

Qualys 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.