Qualys, Inc. (NASDAQ:QLYS) Director Sells $585,240.00 in Stock

Qualys, Inc. (NASDAQ:QLYS) Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $146.31, for a total transaction of $585,240.00. Following the sale, the director now owns 12,666 shares in the company, valued at approximately $1,853,162.46. This trade represents a 24.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Qualys Stock Performance

NASDAQ:QLYS traded down $1.66 during trading hours on Monday, hitting $143.86. The stock had a trading volume of 419,009 shares, compared to its average volume of 446,761. The business’s 50 day moving average is $128.88 and its 200-day moving average is $135.28. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 31.78 and a beta of 0.47. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. During the same quarter last year, the business posted $1.24 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Qualys

A number of hedge funds and other institutional investors have recently made changes to their positions in QLYS. Aigen Investment Management LP bought a new stake in shares of Qualys in the third quarter valued at about $445,000. DekaBank Deutsche Girozentrale lifted its stake in Qualys by 36.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock valued at $3,374,000 after acquiring an additional 5,508 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Qualys by 2,459.9% during the 2nd quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock worth $6,151,000 after acquiring an additional 41,450 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Qualys by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after acquiring an additional 8,291 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Qualys by 13.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock worth $18,048,000 after purchasing an additional 12,915 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QLYS has been the topic of several analyst reports. Morgan Stanley upped their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price objective on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Wedbush reduced their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Scotiabank cut their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial upped their price objective on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $152.80.

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.