Qualys (NASDAQ:QLYS) Stock: Insider Joo Mi Kim Sells 2,659 Shares

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 2,659 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $209.66, for a total value of $557,485.94. Following the completion of the transaction, the chief financial officer directly owned 68,208 shares in the company, valued at $14,300,489.28. This represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualys Stock Up 0.2%

QLYS opened at $210.89 on Thursday. The firm has a market cap of $7.30 billion, a PE ratio of 36.49 and a beta of 0.54. The business has a fifty day simple moving average of $190.27 and a 200-day simple moving average of $136.09. Qualys, Inc. has a fifty-two week low of $74.51 and a fifty-two week high of $235.54.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%. The company had revenue of $182.18 million for the quarter, compared to analyst estimates of $178.57 million. During the same period in the previous year, the firm earned $1.68 earnings per share. Qualys’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Qualys, Inc. will post 5.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QLYS shares. Truist Financial lifted their price target on Qualys from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. DA Davidson upped their price objective on shares of Qualys from $135.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. TD Cowen lifted their target price on shares of Qualys from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 13th. Finally, Piper Sandler lifted their target price on shares of Qualys from $100.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Qualys has an average rating of “Hold” and a consensus price target of $185.87.

Institutional Trading of Qualys

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Qualys in the 2nd quarter valued at about $792,316,000. Legal & General Group Plc purchased a new stake in shares of Qualys in the second quarter worth approximately $197,624,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Qualys by 127.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 832,796 shares of the software maker’s stock worth $73,161,000 after purchasing an additional 465,952 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Qualys by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 763,099 shares of the software maker’s stock worth $67,041,000 after purchasing an additional 45,718 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Qualys by 3.6% during the first quarter. Renaissance Technologies LLC now owns 497,600 shares of the software maker’s stock worth $43,714,000 after purchasing an additional 17,300 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Company Profile

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.