Qualys (NASDAQ:QLYS) CEO Sells $1,250,520.00 in Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh Thakar sold 8,500 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $147.12, for a total value of $1,250,520.00. Following the completion of the transaction, the chief executive officer directly owned 252,800 shares of the company’s stock, valued at approximately $37,191,936. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Qualys Stock Down 0.9%

QLYS traded down $1.33 during midday trading on Tuesday, hitting $143.57. 713,216 shares of the company traded hands, compared to its average volume of 348,491. The company’s 50-day moving average is $137.80 and its 200 day moving average is $137.04. The firm has a market capitalization of $5.15 billion, a PE ratio of 27.82 and a beta of 0.55. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $155.47.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.30. The firm had revenue of $169.88 million during the quarter, compared to analysts’ expectations of $166.30 million. Qualys had a net margin of 28.96% and a return on equity of 37.40%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 earnings per share. Qualys has set its FY 2025 guidance at 6.930-7.000 EPS and its Q4 2025 guidance at 1.730-1.800 EPS. On average, sell-side analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Qualys

Several institutional investors and hedge funds have recently bought and sold shares of QLYS. RWA Wealth Partners LLC bought a new stake in Qualys during the 3rd quarter worth approximately $80,820,000. Alyeska Investment Group L.P. bought a new stake in Qualys in the 3rd quarter valued at $45,854,000. AQR Capital Management LLC increased its holdings in shares of Qualys by 96.8% in the first quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker’s stock worth $85,394,000 after purchasing an additional 338,702 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Qualys by 92.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,238 shares of the software maker’s stock worth $81,003,000 after acquiring an additional 308,635 shares in the last quarter. Finally, Fundsmith LLP lifted its position in Qualys by 21.2% during the third quarter. Fundsmith LLP now owns 870,859 shares of the software maker’s stock valued at $115,241,000 after purchasing an additional 152,257 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on QLYS. Canaccord Genuity Group boosted their target price on shares of Qualys from $158.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. upped their price objective on Qualys from $115.00 to $117.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Northland Securities set a $162.00 target price on Qualys in a report on Wednesday, November 5th. Berenberg Bank initiated coverage on Qualys in a research report on Tuesday, November 18th. They issued a “hold” rating and a $165.00 target price on the stock. Finally, Truist Financial reaffirmed a “hold” rating and set a $130.00 price target (down previously from $145.00) on shares of Qualys in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Qualys has an average rating of “Hold” and an average price target of $142.14.

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.