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 firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the sale, the insider now directly owns 55,279 shares in the company, valued at $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Qualys Stock Down 0.6 %

Qualys stock traded down $0.70 during midday trading on Tuesday, reaching $123.45. 254,045 shares of the stock traded hands, compared to its average volume of 426,413. The stock has a market cap of $4.54 billion, a P/E ratio of 27.19 and a beta of 0.46. The stock’s fifty day moving average is $124.60 and its 200-day moving average is $139.45. Qualys, Inc. has a 12 month low of $119.32 and a 12 month high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.80 million. During the same period in the prior year, the firm earned $0.95 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts predict that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Institutional Trading of Qualys

A number of large investors have recently made changes to their positions in QLYS. DecisionPoint Financial LLC bought a new stake in Qualys in the first quarter worth $34,000. Sound Income Strategies LLC boosted its stake in shares of Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares during the period. First Horizon Advisors Inc. grew its holdings in Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. boosted its holdings in Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares during the period. Finally, Quarry LP purchased a new position in Qualys in the 2nd quarter worth about $40,000. 99.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on QLYS shares. Scotiabank reduced their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group initiated coverage on shares of Qualys in a report on Wednesday, October 16th. They set a “hold” rating and a $135.00 target price for the company. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, UBS Group cut their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $146.08.

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.