Insider Selling: Qualys Inc. (QLYS) Chairman Sells $1,070,100.00 in Stock
Qualys Inc. (NASDAQ:QLYS) Chairman Philippe F. Courtot sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $35.67, for a total value of $1,070,100.00. Following the completion of the sale, the chairman now directly owns 5,142,542 shares of the company’s stock, valued at approximately $183,434,473.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Qualys Inc. (NASDAQ:QLYS) opened at 36.04 on Tuesday. The firm has a 50-day moving average price of $33.86 and a 200-day moving average price of $29.62. Qualys Inc. has a 52-week low of $16.96 and a 52-week high of $39.74. The company has a market cap of $1.27 billion, a PE ratio of 75.08 and a beta of 1.10.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Qualys had a return on equity of 8.28% and a net margin of 9.84%. The business had revenue of $48.50 million for the quarter, compared to analysts’ expectations of $48.01 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. On average, analysts forecast that Qualys Inc. will post $0.79 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of QLYS. BlackRock Fund Advisors boosted its position in shares of Qualys by 146.1% in the first quarter. BlackRock Fund Advisors now owns 1,518,859 shares of the company’s stock worth $38,442,000 after buying an additional 901,656 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Qualys during the second quarter worth approximately $7,218,000. Vanguard Group Inc. boosted its position in shares of Qualys by 10.2% in the second quarter. Vanguard Group Inc. now owns 1,222,605 shares of the company’s stock worth $36,446,000 after buying an additional 113,615 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Qualys by 370.6% in the second quarter. JPMorgan Chase & Co. now owns 119,694 shares of the company’s stock worth $3,568,000 after buying an additional 94,260 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Qualys by 17.1% in the second quarter. State Street Corp now owns 525,112 shares of the company’s stock worth $15,658,000 after buying an additional 76,845 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, June 30th. Summit Redstone reaffirmed a “hold” rating and set a $30.00 price target on shares of Qualys in a report on Friday, July 22nd. Summit Research reaffirmed a “hold” rating and set a $30.00 price target on shares of Qualys in a report on Friday, July 22nd. Imperial Capital reaffirmed an “outperform” rating and set a $30.00 price target on shares of Qualys in a report on Monday, July 25th. Finally, TheStreet raised Qualys from a “hold” rating to a “buy” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.84.
Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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