Summit Creek Advisors LLC Has $9.26 Million Stake in Qualys, Inc. (NASDAQ:QLYS)

Summit Creek Advisors LLC lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 4.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 64,907 shares of the software maker’s stock after selling 3,247 shares during the period. Summit Creek Advisors LLC’s holdings in Qualys were worth $9,256,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Rise Advisors LLC bought a new position in Qualys during the first quarter valued at about $26,000. Global Retirement Partners LLC raised its stake in shares of Qualys by 1,666.7% in the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after acquiring an additional 169 shares during the period. Finally, DecisionPoint Financial LLC bought a new position in Qualys during the first quarter worth about $34,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $136.32, for a total transaction of $954,240.00. Following the completion of the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at $25,437,448.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the sale, the insider now owns 58,947 shares of the company’s stock, valued at $8,450,052.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $136.32, for a total transaction of $954,240.00. Following the completion of the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at approximately $25,437,448.32. The disclosure for this sale can be found here. Insiders sold a total of 18,769 shares of company stock valued at $2,617,377 over the last ninety days. Insiders own 1.00% of the company’s stock.

Qualys Trading Down 0.1 %

Shares of QLYS stock opened at $123.72 on Friday. Qualys, Inc. has a 1 year low of $119.32 and a 1 year high of $206.35. The firm’s 50 day moving average is $134.77 and its 200-day moving average is $149.09. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 28.64 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. The company had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. On average, equities research analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QLYS has been the topic of several analyst reports. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Monday, August 5th. UBS Group cut their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wedbush lowered their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Piper Sandler reduced their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $147.83.

Qualys Company Profile

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.