Qualys (QLYS) Director Sells $2,270,400.00 in Stock

Qualys (NASDAQ:QLYS) Director Peter Pace sold 30,000 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $75.68, for a total value of $2,270,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of QLYS stock opened at $77.30 on Friday. Qualys has a 52-week low of $39.25 and a 52-week high of $85.00. The firm has a market capitalization of $2.98 billion, a P/E ratio of 85.89, a price-to-earnings-growth ratio of 11.67 and a beta of 0.87.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 1st. The software maker reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. Qualys had a return on equity of 11.88% and a net margin of 11.40%. The company had revenue of $64.90 million for the quarter, compared to the consensus estimate of $63.88 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 22.2% compared to the same quarter last year. analysts expect that Qualys will post 0.86 EPS for the current fiscal year.

Qualys announced that its Board of Directors has initiated a share 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 typically a sign that the company’s board believes its stock is undervalued.

Hedge funds have recently modified their holdings of the stock. Wesbanco Bank Inc. purchased a new stake in Qualys during the first quarter valued at about $1,113,000. Xact Kapitalforvaltning AB purchased a new stake in Qualys during the first quarter valued at about $382,000. Legal & General Group Plc raised its position in Qualys by 413.6% during the first quarter. Legal & General Group Plc now owns 328,559 shares of the software maker’s stock valued at $23,867,000 after purchasing an additional 264,587 shares in the last quarter. Sandler Capital Management purchased a new stake in Qualys during the first quarter valued at about $6,539,000. Finally, Syntal Capital Partners LLC raised its position in Qualys by 11.9% during the first quarter. Syntal Capital Partners LLC now owns 30,464 shares of the software maker’s stock valued at $2,216,000 after purchasing an additional 3,239 shares in the last quarter. Institutional investors own 78.87% of the company’s stock.

QLYS has been the topic of several recent research reports. BidaskClub downgraded Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Morgan Stanley set a $65.00 target price on Qualys and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Wells Fargo set a $62.00 target price on Qualys and gave the stock a “hold” rating in a research report on Tuesday, February 13th. JPMorgan Chase increased their target price on Qualys from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $67.00 target price on shares of Qualys in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $71.15.

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.

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

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