Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells $169,573.46 in Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 1,358 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $124.87, for a total transaction of $169,573.46. Following the completion of the transaction, the chief financial officer now directly owns 105,740 shares in the company, valued at approximately $13,203,753.80. The trade was a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 7th, Joo Mi Kim sold 162 shares of Qualys stock. The shares were sold at an average price of $120.04, for a total value of $19,446.48.
• On Thursday, February 13th, Joo Mi Kim sold 4,542 shares of Qualys stock. The stock was sold at an average price of $140.08, for a total value of $636,243.36.
• On Monday, February 10th, Joo Mi Kim sold 4,487 shares of Qualys stock. The shares were sold at an average price of $140.00, for a total transaction of $628,180.00.

Qualys Stock Up 1.1 %

NASDAQ:QLYS opened at $124.10 on Friday. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $174.20. The stock has a market cap of $4.53 billion, a P/E ratio of 26.69 and a beta of 0.71. The firm’s fifty day simple moving average is $130.64 and its 200 day simple moving average is $136.14.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its stake in Qualys by 1,386.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock valued at $49,876,000 after purchasing an additional 331,766 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Qualys during the fourth quarter valued at approximately $27,086,000. Vanguard Group Inc. raised its holdings in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock worth $604,721,000 after purchasing an additional 131,339 shares during the period. Boston Trust Walden Corp lifted its position in shares of Qualys by 13.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock valued at $147,178,000 after buying an additional 123,530 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Qualys by 43,505.0% in the first quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker’s stock worth $15,430,000 after purchasing an additional 122,249 shares during the period. Institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on QLYS. Jefferies Financial Group lowered their target price on Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Monday, February 10th. Royal Bank of Canada decreased their price objective on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Scotiabank lowered their price objective on shares of Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $144.36.

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.