Bruce K. Posey Sells 9,500 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYSGet Rating) insider Bruce K. Posey sold 9,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $146.64, for a total transaction of $1,393,080.00. Following the sale, the insider now owns 69,386 shares of the company’s stock, valued at $10,174,763.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Qualys stock opened at $139.33 on Friday. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 77.84 and a beta of 0.76. The firm’s fifty day moving average is $132.97 and its 200 day moving average is $129.86. Qualys, Inc. has a 52-week low of $92.00 and a 52-week high of $150.10.

Qualys (NASDAQ:QLYSGet Rating) last released its quarterly earnings results on Thursday, February 10th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. The company had revenue of $109.80 million for the quarter, compared to the consensus estimate of $108.47 million. Qualys had a net margin of 17.26% and a return on equity of 16.99%. Qualys’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Qualys, Inc. will post 1.66 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in Qualys by 12.8% during the third quarter. Barclays PLC now owns 38,297 shares of the software maker’s stock valued at $4,261,000 after acquiring an additional 4,359 shares during the last quarter. Bamco Inc. NY increased its position in Qualys by 232.1% during the third quarter. Bamco Inc. NY now owns 232,500 shares of the software maker’s stock valued at $25,875,000 after acquiring an additional 162,500 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Qualys by 12.4% during the third quarter. UBS Asset Management Americas Inc. now owns 42,518 shares of the software maker’s stock valued at $4,732,000 after acquiring an additional 4,692 shares during the last quarter. Russell Investments Group Ltd. increased its position in Qualys by 7.2% during the fourth quarter. Russell Investments Group Ltd. now owns 161,382 shares of the software maker’s stock valued at $22,142,000 after acquiring an additional 10,896 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Qualys during the fourth quarter valued at $231,000. 97.46% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on QLYS shares. Wedbush upped their price target on shares of Qualys from $146.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th. Zacks Investment Research upgraded shares of Qualys from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. StockNews.com started coverage on shares of Qualys in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Wolfe Research started coverage on shares of Qualys in a report on Monday, April 11th. They issued an “outperform” rating and a $162.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Qualys has an average rating of “Hold” and an average target price of $130.33.

About Qualys (Get Rating)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

Further Reading

Insider Buying and Selling by Quarter for Qualys (NASDAQ:QLYS)

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