Qualys Inc (NASDAQ:QLYS) insider Sumedh S. Thakar sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $90.02, for a total transaction of $900,200.00. Following the transaction, the insider now owns 170,627 shares of the company’s stock, valued at $15,359,842.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of QLYS stock traded down $4.37 on Monday, reaching $77.60. 702,500 shares of the company were exchanged, compared to its average volume of 321,312. The stock has a market capitalization of $3.47 billion, a PE ratio of 89.96 and a beta of 1.13. Qualys Inc has a one year low of $50.00 and a one year high of $98.30.
Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The company had revenue of $68.15 million for the quarter, compared to analyst estimates of $67.13 million. As a group, research analysts forecast that Qualys Inc will post 0.85 EPS for the current year.
Several brokerages recently weighed in on QLYS. BidaskClub raised shares of Qualys from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 20th. Stifel Nicolaus boosted their price objective on shares of Qualys from $75.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, June 15th. Morgan Stanley boosted their price objective on shares of Qualys from $74.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 14th. First Analysis set a $112.00 price objective on shares of Qualys and gave the stock a “buy” rating in a research note on Monday, September 10th. Finally, ValuEngine cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 4th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $85.07.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Qualys by 15.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,524 shares of the software maker’s stock valued at $1,562,000 after buying an additional 2,500 shares during the last quarter. Sit Investment Associates Inc. increased its stake in Qualys by 109.9% in the 2nd quarter. Sit Investment Associates Inc. now owns 19,675 shares of the software maker’s stock valued at $1,659,000 after buying an additional 10,300 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Qualys in the 2nd quarter valued at about $740,000. BlackRock Inc. increased its stake in Qualys by 11.3% in the 2nd quarter. BlackRock Inc. now owns 4,625,019 shares of the software maker’s stock valued at $389,891,000 after buying an additional 468,437 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Qualys by 24.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,675 shares of the software maker’s stock valued at $816,000 after buying an additional 1,892 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.
Qualys Company Profile
Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.
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