Qualys Inc. (QLYS) Insider Sumedh S. Thakar Sells 1,600 Shares
Qualys Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 1,600 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $38.76, for a total value of $62,016.00. Following the transaction, the insider now directly owns 57,335 shares in the company, valued at $2,222,304.60. The sale was disclosed in a filing with the SEC, which is available through this link.
Qualys Inc. (NASDAQ:QLYS) opened at 38.55 on Wednesday. Qualys Inc. has a 12 month low of $16.96 and a 12 month high of $39.74. The firm’s 50-day moving average price is $36.59 and its 200-day moving average price is $31.01. The stock has a market cap of $1.36 billion, a P/E ratio of 80.31 and a beta of 1.08.
Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. Qualys had a return on equity of 8.28% and a net margin of 9.84%. The business had revenue of $48.50 million for the quarter, compared to analysts’ expectations of $48.01 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. On average, analysts predict that Qualys Inc. will post $0.79 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund purchased a new stake in Qualys during the first quarter worth approximately $487,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Qualys during the first quarter worth approximately $419,000. TIAA CREF Investment Management LLC boosted its stake in Qualys by 22.6% in the first quarter. TIAA CREF Investment Management LLC now owns 191,057 shares of the company’s stock worth $4,836,000 after buying an additional 35,223 shares during the period. Prudential Financial Inc. purchased a new stake in Qualys during the first quarter worth approximately $1,455,000. Finally, BlackRock Fund Advisors boosted its stake in Qualys by 146.1% in the first quarter. BlackRock Fund Advisors now owns 1,518,859 shares of the company’s stock worth $38,442,000 after buying an additional 901,656 shares during the period. Institutional investors and hedge funds own 70.28% of the company’s stock.
A number of brokerages have recently weighed in on QLYS. DA Davidson reissued a “hold” rating on shares of Qualys in a report on Sunday, September 18th. Wunderlich raised Qualys from a “hold” rating to a “buy” rating and increased their price objective for the company from $31.00 to $43.00 in a report on Tuesday, September 13th. First Analysis increased their price objective on Qualys from $36.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, September 12th. Summit Research reissued a “hold” rating and issued a $30.00 price objective on shares of Qualys in a report on Friday, July 22nd. Finally, Imperial Capital reissued an “outperform” rating and issued a $30.00 price objective on shares of Qualys in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.00.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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