Qualys (NASDAQ:QLYS) insider Sumedh S. Thakar sold 2,000 shares of the stock in a transaction dated Monday, April 9th. The shares were 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 in the company, valued at $13,751,064.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
QLYS opened at $76.95 on Friday. The stock has a market cap of $3,001.43, a price-to-earnings ratio of 58.86, a P/E/G ratio of 5.31 and a beta of 0.84. Qualys has a 52-week low of $34.80 and a 52-week high of $79.40.
Qualys (NASDAQ:QLYS) last posted its earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $61.96 million. Qualys had a net margin of 17.52% and a return on equity of 16.69%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. equities research analysts forecast that Qualys will post 0.86 earnings per share for the current fiscal year.
Qualys declared that its Board of Directors has authorized a stock buyback program on Monday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
Large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Qualys in the 4th quarter worth approximately $118,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Qualys by 125.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,516 shares of the software maker’s stock worth $150,000 after purchasing an additional 1,400 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Qualys in the 4th quarter worth approximately $154,000. C M Bidwell & Associates Ltd. bought a new position in shares of Qualys in the 4th quarter worth approximately $196,000. Finally, Van Hulzen Asset Management LLC bought a new position in shares of Qualys in the 4th quarter worth approximately $215,000. Hedge funds and other institutional investors own 79.46% of the company’s stock.
QLYS has been the topic of several recent analyst reports. Needham & Company LLC increased their price objective on shares of Qualys from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Northland Securities set a $70.00 price objective on shares of Qualys and gave the company a “buy” rating in a research report on Tuesday, February 13th. BidaskClub downgraded shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus reissued a “hold” rating and set a $67.00 price objective on shares of Qualys in a research report on Tuesday, February 13th. Finally, Wells Fargo set a $62.00 price objective on shares of Qualys and gave the company a “hold” rating in a research report on Tuesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Qualys presently has an average rating of “Buy” and an average price target of $68.92.
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Qualys Company Profile
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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