Qualys, Inc. (NASDAQ:QLYS) CEO Philippe F. Courtot sold 20,000 shares of Qualys stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.74, for a total transaction of $1,134,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,564,435 shares in the company, valued at $315,726,041.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Qualys, Inc. (QLYS) opened at $58.05 on Tuesday. The company has a market cap of $2,157.62, a price-to-earnings ratio of 51.73, a price-to-earnings-growth ratio of 5.12 and a beta of 0.84. Qualys, Inc. has a 1 year low of $30.60 and a 1 year high of $58.25.
Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The company had revenue of $59.49 million for the quarter, compared to analyst estimates of $58.59 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. analysts forecast that Qualys, Inc. will post 0.65 EPS for the current year.
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A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Saturday, November 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price objective on shares of Qualys in a research report on Friday, November 3rd. J P Morgan Chase & Co lifted their price objective on shares of Qualys from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Summit Redstone upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company set a $52.00 price objective on shares of Qualys and gave the company a “hold” rating in a research report on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Qualys has an average rating of “Hold” and an average price target of $54.36.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Qualys by 7.3% during the 2nd quarter. BlackRock Inc. now owns 3,610,674 shares of the software maker’s stock worth $147,317,000 after buying an additional 245,550 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Qualys by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock worth $92,374,000 after buying an additional 57,088 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Qualys by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock worth $64,857,000 after buying an additional 45,421 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Qualys by 11.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock worth $41,738,000 after buying an additional 105,100 shares during the last quarter. Finally, ETF Managers Group LLC acquired a new position in shares of Qualys during the 2nd quarter worth $41,523,000. 72.80% of the stock is owned by institutional investors and hedge funds.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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