Sumedh S. Thakar Sells 6,980 Shares of Qualys Inc (NASDAQ:QLYS) Stock

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Qualys Inc (NASDAQ:QLYS) insider Sumedh S. Thakar sold 6,980 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $82.99, for a total value of $579,270.20. Following the transaction, the insider now directly owns 173,583 shares in the company, valued at approximately $14,405,653.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

QLYS opened at $82.34 on Friday. The business has a fifty day moving average of $86.88 and a 200 day moving average of $86.14. Qualys Inc has a 52-week low of $65.93 and a 52-week high of $97.12. The stock has a market cap of $3.27 billion, a P/E ratio of 69.19 and a beta of 1.33.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. Qualys had a return on equity of 16.53% and a net margin of 22.45%. The company had revenue of $78.93 million during the quarter, compared to analysts’ expectations of $78.54 million. During the same quarter in the previous year, the business earned $0.39 EPS. Qualys’s revenue was up 15.8% compared to the same quarter last year. Sell-side analysts anticipate that Qualys Inc will post 1.42 EPS for the current fiscal year.

Several equities analysts have recently weighed in on QLYS shares. Morgan Stanley set a $91.00 target price on Qualys and gave the company a “hold” rating in a research report on Thursday, May 2nd. Nomura started coverage on Qualys in a research report on Friday, June 28th. They set a “buy” rating and a $108.00 target price on the stock. FBN Securities started coverage on Qualys in a research report on Monday, July 15th. They set an “outperform” rating and a $100.00 target price on the stock. BidaskClub raised Qualys from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, ValuEngine downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $95.06.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Qualys during the 4th quarter valued at $31,678,000. Geode Capital Management LLC increased its stake in Qualys by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 387,519 shares of the software maker’s stock valued at $28,962,000 after purchasing an additional 33,263 shares in the last quarter. Brinker Capital Inc. increased its stake in Qualys by 74.1% during the 1st quarter. Brinker Capital Inc. now owns 16,135 shares of the software maker’s stock valued at $1,335,000 after purchasing an additional 6,867 shares in the last quarter. Boston Advisors LLC increased its stake in Qualys by 81.5% during the 1st quarter. Boston Advisors LLC now owns 40,188 shares of the software maker’s stock valued at $3,325,000 after purchasing an additional 18,045 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Qualys by 5.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,389 shares of the software maker’s stock valued at $1,935,000 after purchasing an additional 1,142 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.

About Qualys

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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