Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 4,542 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 4,542 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $140.08, for a total value of $636,243.36. Following the sale, the chief financial officer now owns 108,215 shares in the company, valued at approximately $15,158,757.20. The trade was a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Joo Mi Kim also recently made the following trade(s):

• On Monday, February 10th, Joo Mi Kim sold 4,487 shares of Qualys stock. The shares were sold at an average price of $140.00, for a total value of $628,180.00.
• On Monday, January 6th, Joo Mi Kim sold 1,635 shares of Qualys stock. The shares were sold at an average price of $138.64, for a total value of $226,676.40.
• On Thursday, December 5th, Joo Mi Kim sold 1,332 shares of Qualys stock. The shares were sold at an average price of $157.37, for a total value of $209,616.84.

Qualys Stock Up 1.9 %

Shares of Qualys stock opened at $143.76 on Friday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 30.92 and a beta of 0.56. The stock has a 50 day moving average price of $141.33 and a two-hundred day moving average price of $135.37. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.31.

Qualys (NASDAQ:QLYS) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 39.64% and a net margin of 28.59%. Sell-side analysts anticipate that Qualys, Inc. will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QLYS. Truist Financial Corp lifted its holdings in shares of Qualys by 42.1% during the second quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock worth $250,000 after buying an additional 519 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares during the last quarter. Creative Planning lifted its holdings in shares of Qualys by 60.9% during the third quarter. Creative Planning now owns 6,580 shares of the software maker’s stock worth $845,000 after buying an additional 2,491 shares during the last quarter. Marshall Financial Group LLC lifted its holdings in shares of Qualys by 2.2% during the third quarter. Marshall Financial Group LLC now owns 10,312 shares of the software maker’s stock worth $1,325,000 after buying an additional 219 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Qualys by 40.3% during the third quarter. AlphaMark Advisors LLC now owns 2,605 shares of the software maker’s stock worth $335,000 after buying an additional 748 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on QLYS shares. Truist Financial lifted their target price on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. TD Cowen lifted their target price on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their target price on Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group lowered their price target on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Scotiabank lowered their price target on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus target price of $146.57.

Qualys Company Profile

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.