Sumedh S. Thakar Sells 12,000 Shares of Qualys, Inc. (QLYS) Stock
Qualys, Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $50.22, for a total value of $602,640.00. Following the sale, the insider now owns 132,051 shares of the company’s stock, valued at approximately $6,631,601.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Qualys, Inc. (QLYS) opened at 50.75 on Thursday. The firm’s 50-day moving average is $45.56 and its 200 day moving average is $40.82. The firm has a market capitalization of $1.90 billion, a P/E ratio of 49.66 and a beta of 0.89. Qualys, Inc. has a 12 month low of $30.60 and a 12 month high of $51.95.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The firm had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. During the same period last year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts expect that Qualys, Inc. will post $0.90 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the business. Pinebridge Investments L.P. boosted its holdings in Qualys by 2.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after purchasing an additional 110 shares during the period. State of Alaska Department of Revenue boosted its holdings in Qualys by 4.8% in the 1st quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock valued at $123,000 after purchasing an additional 150 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Qualys by 2.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock valued at $251,000 after purchasing an additional 170 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in Qualys by 1.6% in the 1st quarter. Meadow Creek Investment Management LLC now owns 11,220 shares of the software maker’s stock valued at $425,000 after purchasing an additional 176 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Qualys by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker’s stock valued at $498,000 after purchasing an additional 200 shares during the period. 73.75% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on QLYS shares. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, July 20th. Morgan Stanley restated an “overweight” rating and set a $50.00 price objective (up previously from $45.00) on shares of Qualys in a report on Thursday, July 20th. Susquehanna Bancshares Inc started coverage on Qualys in a report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price objective for the company. Monness Crespi & Hardt started coverage on Qualys in a report on Monday, July 10th. They set a “neutral” rating for the company. Finally, Robert W. Baird set a $42.00 price objective on Qualys and gave the stock a “hold” rating in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.45.
Qualys Company Profile
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 Qualys 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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