Sumedh S. Thakar Sells 4,082 Shares of Qualys Inc (NASDAQ:QLYS) Stock

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Qualys Inc (NASDAQ:QLYS) insider Sumedh S. Thakar sold 4,082 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $88.61, for a total value of $361,706.02. Following the transaction, the insider now owns 187,650 shares in the company, valued at $16,627,666.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of QLYS traded up $1.10 during trading hours on Wednesday, reaching $87.23. The stock had a trading volume of 182,092 shares, compared to its average volume of 373,688. The stock has a market cap of $3.36 billion, a P/E ratio of 73.30 and a beta of 1.48. Qualys Inc has a 12 month low of $65.93 and a 12 month high of $98.30.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The company had revenue of $75.34 million during the quarter, compared to analysts’ expectations of $74.92 million. Qualys had a net margin of 21.23% and a return on equity of 15.51%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Analysts anticipate that Qualys Inc will post 1.34 earnings per share for the current fiscal year.

QLYS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday, February 15th. JMP Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Qualys in a report on Sunday, February 17th. ValuEngine upgraded Qualys from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Northland Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Qualys in a report on Thursday, May 2nd. Finally, BidaskClub cut Qualys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $93.53.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its position in Qualys by 129.9% in the 4th quarter. Amalgamated Bank now owns 5,317 shares of the software maker’s stock valued at $397,000 after buying an additional 3,004 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Qualys by 94.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,887 shares of the software maker’s stock valued at $653,000 after buying an additional 3,821 shares during the last quarter. Brinker Capital Inc. raised its position in Qualys by 74.1% in the 1st quarter. Brinker Capital Inc. now owns 16,135 shares of the software maker’s stock valued at $1,335,000 after buying an additional 6,867 shares during the last quarter. 361 Capital LLC raised its position in Qualys by 69.2% in the 4th quarter. 361 Capital LLC now owns 33,473 shares of the software maker’s stock valued at $2,502,000 after buying an additional 13,685 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in Qualys by 43.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after buying an additional 165 shares during the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

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Qualys Company Profile

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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Insider Buying and Selling by Quarter for Qualys (NASDAQ:QLYS)

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