YorkBridge Wealth Partners LLC Sells 695 Shares of Qualys, Inc. (NASDAQ:QLYS)

YorkBridge Wealth Partners LLC cut its stake in shares of Qualys, Inc. (NASDAQ:QLYSGet Rating) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,502 shares of the software maker’s stock after selling 695 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Qualys were worth $694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QLYS. Standard Family Office LLC purchased a new stake in shares of Qualys during the fourth quarter valued at $79,000. CVA Family Office LLC purchased a new stake in shares of Qualys during the first quarter valued at $100,000. Van ECK Associates Corp boosted its position in Qualys by 16.0% in the first quarter. Van ECK Associates Corp now owns 843 shares of the software maker’s stock worth $120,000 after purchasing an additional 116 shares during the last quarter. FourThought Financial LLC boosted its position in Qualys by 59.4% in the first quarter. FourThought Financial LLC now owns 880 shares of the software maker’s stock worth $125,000 after purchasing an additional 328 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Qualys by 11.3% in the first quarter. Signaturefd LLC now owns 1,200 shares of the software maker’s stock worth $171,000 after purchasing an additional 122 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on QLYS shares. Northland Securities raised their target price on Qualys from $138.00 to $142.00 in a research report on Tuesday, August 9th. DA Davidson lifted their target price on Qualys to $135.00 in a research note on Monday, August 15th. Truist Financial lifted their price objective on Qualys from $115.00 to $125.00 and gave the stock a “hold” rating in a research note on Tuesday, July 26th. Morgan Stanley lifted their price objective on Qualys from $113.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 9th. Finally, Wolfe Research lifted their price objective on Qualys from $145.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.25.

Qualys Stock Performance

Shares of Qualys stock opened at $144.79 on Friday. The stock has a 50 day moving average price of $143.23 and a 200-day moving average price of $135.53. Qualys, Inc. has a one year low of $106.48 and a one year high of $162.36. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 56.56 and a beta of 0.61.

Qualys (NASDAQ:QLYSGet Rating) last posted its quarterly earnings data on Monday, August 8th. The software maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Qualys had a return on equity of 24.17% and a net margin of 22.68%. The company had revenue of $119.89 million during the quarter, compared to analysts’ expectations of $117.52 million. During the same quarter in the previous year, the business earned $0.53 EPS. Qualys’s revenue was up 20.3% compared to the same quarter last year. Sell-side analysts predict that Qualys, Inc. will post 2.46 earnings per share for the current fiscal year.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 2,500 shares of the company’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $130.16, for a total value of $325,400.00. Following the completion of the sale, the insider now directly owns 61,427 shares in the company, valued at approximately $7,995,338.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Qualys news, CEO Sumedh S. Thakar sold 5,576 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $155.92, for a total value of $869,409.92. Following the completion of the sale, the chief executive officer now directly owns 149,660 shares in the company, valued at approximately $23,334,987.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce K. Posey sold 2,500 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $130.16, for a total value of $325,400.00. Following the completion of the transaction, the insider now directly owns 61,427 shares of the company’s stock, valued at $7,995,338.32. The disclosure for this sale can be found here. Insiders sold a total of 39,016 shares of company stock worth $5,605,606 in the last quarter. 1.40% of the stock is owned by company insiders.

Qualys Profile

(Get Rating)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

Further Reading

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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