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 Qualys stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $35.67, for a total transaction of $1,070,100.00. Following the completion of the transaction, the chairman now directly owns 5,142,542 shares in the company, valued at approximately $183,434,473.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Qualys Inc. (NASDAQ:QLYS) opened at 36.04 on Tuesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 75.08 and a beta of 1.10. The firm has a 50-day moving average of $33.86 and a 200 day moving average of $29.62. Qualys Inc. has a one year low of $16.96 and a one year high of $39.74.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The company earned $48.50 million during the quarter, compared to the consensus estimate of $48.01 million. Qualys had a return on equity of 8.28% and a net margin of 9.84%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities research analysts anticipate that Qualys Inc. will post $0.79 EPS for the current year.
A number of equities analysts have recently commented on the stock. DA Davidson reissued a “hold” rating on shares of Qualys in a research report on Sunday. Summit Research reissued a “hold” rating and issued a $30.00 price target on shares of Qualys in a research report on Friday, July 22nd. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, June 30th. Wunderlich raised shares of Qualys from a “hold” rating to a “buy” rating and lifted their price target for the company from $31.00 to $43.00 in a research report on Tuesday, September 13th. Finally, First Analysis lifted their price target on shares of Qualys from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.84.
Several large investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new stake in Qualys during the first quarter valued at approximately $344,000. Texas Permanent School Fund bought a new stake in Qualys during the first quarter valued at approximately $487,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Qualys during the first quarter valued at approximately $419,000. TIAA CREF Investment Management LLC increased its stake in Qualys by 22.6% in the first quarter. TIAA CREF Investment Management LLC now owns 191,057 shares of the company’s stock valued at $4,836,000 after buying an additional 35,223 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in Qualys during the first quarter valued at approximately $1,455,000. 70.14% of the stock is owned by institutional investors.
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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