Sumedh S. Thakar Sells 2,000 Shares of Qualys, Inc. (QLYS) Stock
Qualys, Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the transaction, the insider now owns 124,051 shares of the company’s stock, valued at $6,574,703. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Qualys, Inc. (QLYS) traded down 1.85% during midday trading on Wednesday, reaching $50.40. 1,133,926 shares of the company were exchanged. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 49.32 and a beta of 0.91. Qualys, Inc. has a 52-week low of $30.60 and a 52-week high of $54.15. The firm’s 50-day moving average price is $50.26 and its 200 day moving average price is $43.30.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company had revenue of $55.30 million during the quarter, compared to analyst estimates of $54.87 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts predict that Qualys, Inc. will post $0.90 earnings per share for the current year.
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A number of brokerages have recently commented on QLYS. Morgan Stanley downgraded shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a report on Tuesday. Imperial Capital reiterated an “outperform” rating and set a $50.00 price target (up from $46.00) on shares of Qualys in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Qualys from a “buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub upgraded shares of Qualys from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Northland Securities set a $48.00 price target on shares of Qualys and gave the stock a “buy” rating in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Qualys presently has a consensus rating of “Hold” and a consensus target price of $45.55.
Several institutional investors and hedge funds have recently modified their holdings of the company. Wasatch Advisors Inc. increased its holdings in shares of Qualys by 22.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 47,105 shares of the software maker’s stock valued at $1,922,000 after purchasing an additional 8,763 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Qualys in the 2nd quarter valued at about $265,000. Ameritas Investment Partners Inc. increased its holdings in shares of Qualys by 17.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after purchasing an additional 408 shares during the period. California State Teachers Retirement System increased its holdings in shares of Qualys by 3.9% in the 2nd quarter. California State Teachers Retirement System now owns 55,633 shares of the software maker’s stock valued at $2,270,000 after purchasing an additional 2,091 shares during the period. Finally, Bank of Nova Scotia acquired a new position in shares of Qualys in the 2nd quarter valued at about $256,000. Institutional investors own 73.57% of the company’s stock.
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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