Sumedh Thakar Sells 30,000 Shares of Qualys (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh Thakar sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $135.00, for a total value of $4,050,000.00. Following the transaction, the chief executive officer owned 196,686 shares of the company’s stock, valued at $26,552,610. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualys Price Performance

Shares of QLYS traded up $5.95 during trading hours on Wednesday, hitting $143.44. 842,964 shares of the stock were exchanged, compared to its average volume of 775,061. The firm has a market capitalization of $5.05 billion, a P/E ratio of 25.75 and a beta of 0.61. Qualys, Inc. has a fifty-two week low of $74.51 and a fifty-two week high of $155.47. The business has a 50-day moving average of $103.66 and a 200-day moving average of $108.93.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, May 5th. The software maker reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.14. The business had revenue of $175.64 million during the quarter, compared to the consensus estimate of $173.63 million. Qualys had a return on equity of 37.15% and a net margin of 29.41%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 earnings per share. Qualys has set its FY 2026 guidance at 7.440-7.650 EPS and its Q2 2026 guidance at 1.730-1.800 EPS. As a group, analysts forecast that Qualys, Inc. will post 5.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of QLYS. Strive Financial Group LLC bought a new stake in Qualys in the fourth quarter worth about $27,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Qualys by 204.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $28,000 after acquiring an additional 143 shares during the period. Allworth Financial LP increased its stake in shares of Qualys by 86.8% during the 3rd quarter. Allworth Financial LP now owns 284 shares of the software maker’s stock worth $38,000 after purchasing an additional 132 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Qualys by 206.2% in the 1st quarter. Root Financial Partners LLC now owns 297 shares of the software maker’s stock worth $26,000 after purchasing an additional 200 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in Qualys in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on QLYS. William Blair downgraded Qualys from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Piper Sandler reduced their price target on shares of Qualys from $135.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Scotiabank lowered their price objective on shares of Qualys from $135.00 to $100.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, Morgan Stanley set a $96.00 price objective on shares of Qualys in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Qualys currently has an average rating of “Hold” and a consensus price target of $125.86.

About Qualys

Qualys, Inc (NASDAQ: QLYS) is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company’s flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.