RIA Advisory Group LLC Makes New Investment in Qualys, Inc. (NASDAQ:QLYS)

RIA Advisory Group LLC purchased a new stake in Qualys, Inc. (NASDAQ:QLYS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,559 shares of the software maker’s stock, valued at approximately $200,000.

Several other large investors have also recently made changes to their positions in QLYS. First Horizon Advisors Inc. increased its stake in shares of Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. lifted its position in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the last quarter. Quarry LP acquired a new position in shares of Qualys during the second quarter worth $40,000. DT Investment Partners LLC acquired a new stake in Qualys in the second quarter valued at $41,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after acquiring an additional 223 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Stock Down 2.6 %

NASDAQ:QLYS opened at $145.52 on Friday. The firm’s fifty day simple moving average is $128.88 and its 200-day simple moving average is $135.49. The stock has a market cap of $5.32 billion, a PE ratio of 32.05 and a beta of 0.47. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS) last issued its 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 company had revenue of $153.87 million for the quarter, compared to analyst estimates 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 prior year, the business posted $1.24 earnings per share. Equities analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on QLYS shares. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. TD Cowen raised 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. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Royal Bank of Canada increased their price target on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their target price on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $152.80.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.