Philippe F. Courtot Sells 40,000 Shares of Qualys, Inc. (QLYS) Stock
Qualys, Inc. (NASDAQ:QLYS) Chairman Philippe F. Courtot sold 40,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $60.57, for a total value of $2,422,800.00. Following the completion of the transaction, the chairman now owns 5,564,435 shares in the company, valued at approximately $337,037,827.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Qualys, Inc. (QLYS) traded down $0.60 during trading on Wednesday, reaching $60.55. The company’s stock had a trading volume of 390,228 shares, compared to its average volume of 291,440. The company has a market capitalization of $2,254.32, a PE ratio of 54.04, a P/E/G ratio of 5.35 and a beta of 0.84. Qualys, Inc. has a 52-week low of $30.60 and a 52-week high of $61.40.
Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The firm had revenue of $59.49 million during the quarter, compared to analysts’ expectations of $58.59 million. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. analysts predict that Qualys, Inc. will post 0.65 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. bought a new stake in Qualys during the third quarter worth approximately $101,000. SG Americas Securities LLC bought a new stake in Qualys during the second quarter worth approximately $103,000. Ameritas Investment Partners Inc. boosted its position in Qualys by 17.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after purchasing an additional 408 shares during the period. Thompson Davis & CO. Inc. boosted its position in shares of Qualys by 1,100.0% in the third quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock valued at $155,000 after acquiring an additional 2,750 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in shares of Qualys by 2.9% in the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after acquiring an additional 110 shares during the period. 73.50% of the stock is owned by hedge funds and other institutional investors.
QLYS has been the topic of a number of research reports. J P Morgan Chase & Co upped their target price on Qualys from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price target on shares of Qualys in a research note on Friday, November 3rd. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Saturday, November 4th. Wells Fargo & Company set a $52.00 price target on Qualys and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, BidaskClub cut Qualys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $54.36.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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