Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells 855 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 855 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $142.24, for a total value of $121,615.20. Following the completion of the sale, the insider now owns 63,177 shares in the company, valued at approximately $8,986,296.48. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $141.59 on Thursday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $205.00. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 31.19 and a beta of 0.54. The company’s 50 day simple moving average is $142.47 and its 200 day simple moving average is $135.81.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 earnings per share. As a group, analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. DA Davidson increased their price objective on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price objective on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group upped their target price on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. TD Cowen lifted their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, UBS Group upped their price objective on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $152.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Qualys by 149.0% during the second 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 bought a new stake in shares of Qualys in the 2nd quarter valued at $40,000. Exchange Traded Concepts LLC boosted its position in Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Qualys by 68.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock valued at $94,000 after purchasing an additional 297 shares in the last quarter. Finally, KBC Group NV grew its stake in Qualys by 21.6% during the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock worth $140,000 after purchasing an additional 194 shares during the period. 99.31% of the stock is currently owned by institutional investors.

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.