Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 43.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,977 shares of the software maker's stock after selling 39,480 shares during the quarter. Trexquant Investment LP owned about 0.14% of Qualys worth $7,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its holdings in Qualys by 21.5% in the 3rd quarter. FMR LLC now owns 57,399 shares of the software maker's stock valued at $7,374,000 after buying an additional 10,170 shares in the last quarter. Verition Fund Management LLC lifted its stake in Qualys by 54.9% during the third quarter. Verition Fund Management LLC now owns 6,199 shares of the software maker's stock worth $796,000 after purchasing an additional 2,197 shares in the last quarter. Paloma Partners Management Co purchased a new position in Qualys during the 3rd quarter valued at about $203,000. Petrus Trust Company LTA purchased a new position in shares of Qualys in the third quarter valued at approximately $603,000. Finally, Quarry LP boosted its position in Qualys by 56.2% in the 3rd quarter. Quarry LP now owns 439 shares of the software maker's stock valued at $56,000 after buying an additional 158 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Price Performance

Qualys stock traded up $10.52 during mid-day trading on Wednesday, hitting $125.73. 588,057 shares of the company were exchanged, compared to its average volume of 398,632. The company has a market capitalization of $4.59 billion, a P/E ratio of 27.04 and a beta of 0.71. The business's 50 day simple moving average is $131.41 and its two-hundred day simple moving average is $136.15. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $174.20.

Remove Ads

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Loop Capital reduced their target price on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a report on Friday, February 7th. Royal Bank of Canada decreased their price target on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Morgan Stanley started coverage on Qualys in a report on Tuesday, March 18th. They issued an "underweight" rating and a $120.00 target price on the stock. Finally, Scotiabank cut their price target on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $144.36.

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares of the company's stock, valued at approximately $30,321,173.97. This represents a 3.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 524 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the transaction, the insider now owns 65,053 shares in the company, valued at approximately $8,416,557.14. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,122 shares of company stock valued at $3,484,692. Insiders own 1.00% of the company's stock.

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.