Today, Insider Selling: Qualys Inc. (QLYS) Insider Sold $62,016.00 in Stock

Today, Insider Selling: Qualys Inc. (QLYS) Insider Sold $62,016.00 in Stock

Qualys Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 1,600 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $38.76, for a total transaction of $62,016.00. Following the transaction, the insider now owns 57,335 shares of the company’s stock, valued at approximately $2,222,304.60. The sale 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 37.65 on Monday. The firm’s 50-day moving average is $36.82 and its 200-day moving average is $31.20. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 78.44 and a beta of 1.07. Qualys Inc. has a 12-month low of $16.96 and a 12-month high of $39.74.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The firm earned $48.50 million during the quarter, compared to the consensus estimate of $48.01 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. Analysts predict that Qualys Inc. will post $0.79 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Capstone Asset Management Co. increased its stake in shares of Qualys by 13.7% in the third quarter. Capstone Asset Management Co. now owns 8,290 shares of the company’s stock worth $317,000 after buying an additional 1,000 shares during the period. Norman Fields Gottscho Capital Management LLC purchased a new stake in shares of Qualys during the third quarter worth $1,871,000. Mason Street Advisors LLC purchased a new stake in shares of Qualys during the second quarter worth $142,000. Royal Bank of Canada increased its stake in shares of Qualys by 22.1% in the second quarter. Royal Bank of Canada now owns 4,632 shares of the company’s stock worth $138,000 after buying an additional 838 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Qualys by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 91,453 shares of the company’s stock worth $2,727,000 after buying an additional 1,656 shares during the period. 70.25% of the stock is owned by institutional investors.

QLYS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Thursday, June 30th. Summit Redstone reaffirmed a “hold” rating and set a $30.00 price objective on shares of Qualys in a report on Friday, July 22nd. Summit Research reaffirmed a “hold” rating and set a $30.00 price objective on shares of Qualys in a report on Friday, July 22nd. Imperial Capital reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Qualys in a report on Monday, July 25th. Finally, TheStreet raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.00.

Qualys Company Profile

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