Qualys (NASDAQ:QLYS) CFO Sells $557,485.94 in Stock

by · The Markets Daily

Qualys, Inc. (NASDAQ:QLYS – Get Free Report) CFO Joo Mi Kim sold 2,659 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $209.66, for a total value of $557,485.94. Following the transaction, the chief financial officer owned 68,208 shares in the company, valued at approximately $14,300,489.28. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualys Stock Performance

QLYS opened at $199.63 on Friday. The company has a market cap of $6.91 billion, a PE ratio of 34.54 and a beta of 0.54. The stock has a 50-day moving average of $190.73 and a 200-day moving average of $136.42. Qualys, Inc. has a 52-week low of $74.51 and a 52-week high of $235.54.

Qualys (NASDAQ:QLYS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.20. The business had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. Qualys had a net margin of 29.38% and a return on equity of 37.52%. Qualys’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. On average, research analysts predict that Qualys, Inc. will post 5.84 earnings per share for the current year.

Wall Street Analyst Weigh In

QLYS has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on shares of Qualys from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Canaccord Genuity Group set a $190.00 price objective on shares of Qualys in a report on Wednesday, August 5th. TD Cowen upped their price objective on shares of Qualys from $170.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 13th. Yorkville Ives started coverage on shares of Qualys in a research note on Monday, October 5th. They issued an “outperform” rating and a $230.00 target price for the company. Finally, Scotiabank lifted their target price on Qualys from $190.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qualys currently has an average rating of “Hold” and an average price target of $185.87.

Check Out Our Latest Stock Analysis on QLYS

Hedge Funds Weigh In On Qualys

A number of hedge funds have recently modified their holdings of the stock. ZWJ Investment Counsel Inc. boosted its stake in Qualys by 4.9% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 2,114 shares of the software maker’s stock worth $396,000 after purchasing an additional 98 shares during the period. Csenge Advisory Group raised its stake in shares of Qualys by 5.1% in the 3rd quarter. Csenge Advisory Group now owns 2,016 shares of the software maker’s stock valued at $377,000 after purchasing an additional 98 shares during the period. Aviance Capital Partners LLC raised its stake in shares of Qualys by 2.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 5,245 shares of the software maker’s stock valued at $982,000 after purchasing an additional 103 shares during the period. Smith Group Asset Management LLC raised its stake in shares of Qualys by 1.7% in the 3rd quarter. Smith Group Asset Management LLC now owns 6,396 shares of the software maker’s stock valued at $1,197,000 after purchasing an additional 107 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Qualys by 25.8% in the third quarter. Farther Finance Advisors LLC now owns 527 shares of the software maker’s stock valued at $99,000 after purchasing an additional 108 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Company Profile

(Get Free Report)

Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.

The company’s offerings include vulnerability management, detection and response, policy compliance, asset inventory, web application security, endpoint security and cloud security capabilities.

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