Qualys, Inc. (NASDAQ:QLYS) Insider Bruce K. Posey Sells 1,339 Shares

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total value of $191,945.65. Following the sale, the insider now directly owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $147.47 on Friday. The business’s fifty day moving average price is $141.11 and its two-hundred day moving average price is $160.77. Qualys, Inc. has a fifty-two week low of $131.07 and a fifty-two week high of $206.35. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 34.14 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. Research analysts expect that Qualys, Inc. will post 3.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Qualys

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Qualys by 121.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 360,294 shares of the software maker’s stock valued at $70,719,000 after purchasing an additional 197,911 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Qualys by 50.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after acquiring an additional 169,293 shares during the period. Jupiter Asset Management Ltd. increased its position in Qualys by 169.7% in the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after purchasing an additional 154,492 shares during the period. California Public Employees Retirement System lifted its holdings in Qualys by 172.3% in the fourth quarter. California Public Employees Retirement System now owns 193,056 shares of the software maker’s stock valued at $37,893,000 after buying an additional 122,168 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Qualys by 201,932.8% in the 4th quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock valued at $23,000,000 after acquiring an additional 117,121 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on QLYS. Truist Financial decreased their price objective on shares of Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, May 13th. Scotiabank started coverage on shares of Qualys in a research note on Friday, April 26th. They set a “sector perform” rating and a $172.00 target price for the company. Robert W. Baird decreased their price target on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $164.50.

About Qualys

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.