Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells 9,500 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS – Get Rating) insider Bruce K. Posey sold 9,500 shares of the business’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $146.64, for a total transaction of $1,393,080.00. Following the completion of the sale, the insider now owns 69,386 shares of the company’s stock, valued at $10,174,763.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of QLYS stock traded down $4.41 during mid-day trading on Thursday, reaching $142.34. The company’s stock had a trading volume of 226,089 shares, compared to its average volume of 346,145. Qualys, Inc. has a 1-year low of $92.00 and a 1-year high of $150.10. The company has a market cap of $5.56 billion, a P/E ratio of 79.52 and a beta of 0.76. The firm’s 50-day moving average is $132.08 and its two-hundred day moving average is $129.58.

Qualys (NASDAQ:QLYS – Get Rating) last announced its quarterly earnings data on Thursday, February 10th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Qualys had a net margin of 17.26% and a return on equity of 16.99%. The company had revenue of $109.80 million during the quarter, compared to analysts’ expectations of $108.47 million. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue was up 15.7% on a year-over-year basis. On average, analysts forecast that Qualys, Inc. will post 1.66 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its holdings in Qualys by 23.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 245,375 shares of the software maker’s stock valued at $20,302,000 after purchasing an additional 46,875 shares during the last quarter. Strs Ohio increased its holdings in shares of Qualys by 90.9% during the third quarter. Strs Ohio now owns 2,100 shares of the software maker’s stock worth $233,000 after buying an additional 1,000 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Qualys by 33.0% in the third quarter. New York State Teachers Retirement System now owns 11,835 shares of the software maker’s stock valued at $1,317,000 after acquiring an additional 2,935 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Qualys by 13.8% in the 3rd quarter. Stephens Inc. AR now owns 2,287 shares of the software maker’s stock worth $255,000 after acquiring an additional 278 shares in the last quarter. Finally, WINTON GROUP Ltd grew its position in Qualys by 47.0% during the 3rd quarter. WINTON GROUP Ltd now owns 7,726 shares of the software maker’s stock worth $860,000 after acquiring an additional 2,472 shares during the last quarter. Institutional investors own 97.46% of the company’s stock.

A number of analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Qualys in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Wolfe Research initiated coverage on shares of Qualys in a research note on Monday, April 11th. They set an “outperform” rating and a $162.00 target price for the company. Wedbush upped their target price on shares of Qualys from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. Finally, Zacks Investment Research upgraded shares of Qualys from a “sell” rating to a “hold” rating in a research note on Thursday, April 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Qualys has a consensus rating of “Hold” and an average price target of $130.33.

About Qualys (Get Rating)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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