Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 1,635 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 1,635 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $138.64, for a total value of $226,676.40. Following the completion of the transaction, the chief financial officer now directly owns 112,017 shares in the company, valued at $15,530,036.88. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joo Mi Kim also recently made the following trade(s):

• On Thursday, December 5th, Joo Mi Kim sold 1,332 shares of Qualys stock. The stock was sold at an average price of $157.37, for a total value of $209,616.84.

Qualys Price Performance

QLYS opened at $136.21 on Wednesday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $201.03. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 30.00 and a beta of 0.57. The firm’s fifty day moving average price is $145.82 and its two-hundred day moving average price is $136.03.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. As a group, equities analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on QLYS shares. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their price target on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price objective on shares of Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Needham & Company LLC began coverage on Qualys in a research report on Wednesday, November 6th. They issued a “hold” rating for the company. Finally, TD Cowen upped their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $152.80.

Institutional Trading of Qualys

Institutional investors and hedge funds have recently modified their holdings of the business. Aigen Investment Management LP purchased a new position in Qualys in the third quarter worth $445,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Qualys by 208.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after purchasing an additional 58,252 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Qualys by 428.9% in the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after buying an additional 14,804 shares during the last quarter. ProShare Advisors LLC grew its position in Qualys by 57.7% during the second quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock valued at $1,950,000 after buying an additional 5,004 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Qualys by 40.0% during the third quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after buying an additional 8,291 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.