Bruce K. Posey Sells 1,000 Shares of Qualys Inc (NASDAQ:QLYS) Stock

Qualys Inc (NASDAQ:QLYS) VP Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $83.86, for a total transaction of $83,860.00. Following the transaction, the vice president now directly owns 85,955 shares of the company’s stock, valued at approximately $7,208,186.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

QLYS stock traded down $0.50 during midday trading on Friday, reaching $83.58. The company had a trading volume of 252,357 shares, compared to its average volume of 327,080. Qualys Inc has a 1 year low of $72.76 and a 1 year high of $97.12. The company has a market capitalization of $3.26 billion, a P/E ratio of 70.24 and a beta of 1.34. The firm has a 50-day moving average price of $85.22 and a 200-day moving average price of $83.40.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. Qualys had a net margin of 20.27% and a return on equity of 18.15%. The business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.37 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts anticipate that Qualys Inc will post 1.64 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in QLYS. Amundi Pioneer Asset Management Inc. grew its stake in Qualys by 23.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 245,375 shares of the software maker’s stock worth $20,302,000 after buying an additional 46,875 shares in the last quarter. Janus Henderson Group PLC grew its stake in Qualys by 17.4% in the 2nd quarter. Janus Henderson Group PLC now owns 16,344 shares of the software maker’s stock worth $1,423,000 after buying an additional 2,419 shares in the last quarter. Smith Asset Management Group LP grew its stake in Qualys by 361.2% in the 2nd quarter. Smith Asset Management Group LP now owns 5,350 shares of the software maker’s stock worth $466,000 after buying an additional 4,190 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Qualys by 2.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 47,830 shares of the software maker’s stock worth $4,164,000 after buying an additional 951 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Qualys by 252.1% in the 2nd quarter. Bank of Montreal Can now owns 4,978 shares of the software maker’s stock worth $434,000 after buying an additional 3,564 shares in the last quarter. 86.72% of the stock is owned by institutional investors and hedge funds.

QLYS has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective on shares of Qualys in a research note on Thursday, November 21st. ValuEngine raised shares of Qualys from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Rosenblatt Securities reaffirmed a “hold” rating and set a $85.00 price objective on shares of Qualys in a research note on Wednesday, November 20th. BidaskClub cut shares of Qualys from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Finally, Zacks Investment Research cut shares of Qualys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $93.65.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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