Qualys (NASDAQ:QLYS) Stock Price Breaks Below 50-Day Moving Average – What’s Next?

Qualys, Inc. (NASDAQ:QLYS) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $190.76 and traded as low as $187.86. Qualys shares last traded at $190.41, with a volume of 1,110,081 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on QLYS shares. DA Davidson increased their price target on shares of Qualys from $135.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Northland Securities set a $208.00 price objective on shares of Qualys in a research report on Wednesday, August 5th. Canaccord Genuity Group set a $190.00 price objective on shares of Qualys in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Finally, Morgan Stanley set a $200.00 target price on Qualys in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $185.87.

Qualys Trading Down 4.6%

The company has a market cap of $6.59 billion, a PE ratio of 32.94 and a beta of 0.54. The firm’s fifty day moving average is $190.76 and its 200 day moving average is $136.71.

Insider Activity

In other news, CEO Sumedh Thakar sold 3,200 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $190.36, for a total transaction of $609,152.00. Following the completion of the sale, the chief executive officer owned 177,138 shares of the company’s stock, valued at $33,719,989.68. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joo Mi Kim sold 2,659 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $209.66, for a total transaction of $557,485.94. Following the sale, the chief financial officer directly owned 68,208 shares of the company’s stock, valued at $14,300,489.28. This represents a 3.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,672 shares of company stock worth $2,192,747 over the last 90 days. 0.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Qualys

Several hedge funds and other institutional investors have recently made changes to their positions in QLYS. Kilter Group LLC acquired a new position in Qualys in the 2nd quarter valued at $31,000. Continuum Advisory LLC acquired a new stake in Qualys during the 2nd quarter worth $33,000. Public Employees Retirement System of Ohio acquired a new stake in Qualys during the 2nd quarter worth $51,000. Allworth Financial LP purchased a new stake in shares of Qualys during the second quarter worth $64,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Qualys by 40.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 472 shares of the software maker’s stock worth $65,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

About Qualys

Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.

The company’s offerings include vulnerability management, detection and response, policy compliance, asset inventory, web application security, endpoint security and cloud security capabilities.