Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by Argent Capital Management LLC

Argent Capital Management LLC grew its position in Qualys, Inc. (NASDAQ:QLYS) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,546 shares of the software maker’s stock after purchasing an additional 425 shares during the period. Argent Capital Management LLC’s holdings in Qualys were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in shares of Qualys by 294.7% during the second 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 period. Sound Income Strategies LLC raised its holdings in Qualys by 545.2% during the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares in the last quarter. DecisionPoint Financial LLC acquired a new stake in Qualys in the first quarter worth approximately $34,000. UMB Bank n.a. boosted its stake 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 purchasing an additional 143 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Qualys during the 2nd quarter valued at $40,000. Institutional investors own 99.31% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares of the company’s stock, valued at $22,493,851.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the sale, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,535 shares of company stock worth $1,442,641 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Qualys Stock Down 0.6 %

Shares of NASDAQ:QLYS traded down $0.68 during trading on Thursday, reaching $120.82. The stock had a trading volume of 46,936 shares, compared to its average volume of 423,873. The stock has a fifty day simple moving average of $124.54 and a two-hundred day simple moving average of $139.04. Qualys, Inc. has a 52 week low of $119.32 and a 52 week high of $206.35. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 28.17 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $148.80 million. During the same period in the previous year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts forecast that Qualys, Inc. will post 3.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on QLYS shares. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Piper Sandler reduced their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group started coverage on shares of Qualys in a report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 target price on the stock. Wedbush reduced their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Qualys has a consensus rating of “Hold” and an average price target of $144.23.

Qualys 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.