Qualys (NASDAQ:QLYS) insider Sumedh S. Thakar sold 2,000 shares of the company’s stock in a transaction on Monday, April 9th. The stock was sold at an average price of $74.54, for a total transaction of $149,080.00. Following the sale, the insider now directly owns 184,479 shares of the company’s stock, valued at approximately $13,751,064.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Qualys stock traded up $1.60 during mid-day trading on Wednesday, hitting $84.45. The company had a trading volume of 463,336 shares, compared to its average volume of 292,209. The firm has a market capitalization of $3,026.54, a P/E ratio of 93.83, a P/E/G ratio of 5.36 and a beta of 0.84. Qualys has a 1 year low of $34.80 and a 1 year high of $85.00.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. Qualys had a net margin of 17.52% and a return on equity of 16.69%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. sell-side analysts predict that Qualys will post 0.86 earnings per share for the current year.
Qualys declared that its Board of Directors has approved a stock buyback plan on Monday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
Several research analysts have recently weighed in on QLYS shares. Zacks Investment Research cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Morgan Stanley set a $65.00 price target on shares of Qualys and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Wells Fargo set a $62.00 price target on shares of Qualys and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase increased their price target on shares of Qualys from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Qualys presently has an average rating of “Hold” and an average target price of $68.92.
Institutional investors have recently made changes to their positions in the business. Carillon Tower Advisers Inc. acquired a new stake in shares of Qualys in the fourth quarter valued at approximately $586,000. Legal & General Group Plc boosted its holdings in shares of Qualys by 9.9% in the third quarter. Legal & General Group Plc now owns 63,344 shares of the software maker’s stock valued at $3,282,000 after acquiring an additional 5,680 shares during the period. James Investment Research Inc. acquired a new stake in shares of Qualys in the fourth quarter valued at approximately $1,769,000. California Public Employees Retirement System acquired a new stake in shares of Qualys in the third quarter valued at approximately $335,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Qualys by 6.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 149,393 shares of the software maker’s stock valued at $8,867,000 after acquiring an additional 9,191 shares during the period. Institutional investors own 79.48% of the company’s stock.
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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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