FourThought Financial LLC Buys 1,736 Shares of Qualys, Inc. (NASDAQ:QLYS)

FourThought Financial LLC grew its stake in shares of Qualys, Inc. (NASDAQ:QLYS – Get Rating) by 98.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,492 shares of the software maker’s stock after acquiring an additional 1,736 shares during the quarter. FourThought Financial LLC’s holdings in Qualys were worth $487,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QLYS. Pinnacle Financial Partners Inc. purchased a new stake in shares of Qualys during the third quarter valued at $25,000. Hoey Investments Inc. purchased a new stake in shares of Qualys during the second quarter valued at $38,000. Bessemer Group Inc. boosted its position in shares of Qualys by 778.1% during the third quarter. Bessemer Group Inc. now owns 281 shares of the software maker’s stock valued at $39,000 after buying an additional 249 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Qualys during the third quarter valued at $57,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Qualys in the third quarter worth about $103,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

Qualys Trading Up 1.1 %

Shares of QLYS opened at $122.02 on Friday. The business’s 50 day moving average is $115.93 and its 200 day moving average is $125.53. The company has a market capitalization of $4.52 billion, a PE ratio of 44.21 and a beta of 0.62. Qualys, Inc. has a 12-month low of $101.10 and a 12-month high of $162.36.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 5,576 shares of Qualys stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $107.06, for a total transaction of $596,966.56. Following the sale, the chief executive officer now owns 181,432 shares of the company’s stock, valued at approximately $19,424,109.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 3,174 shares of Qualys stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $122.82, for a total value of $389,830.68. Following the sale, the insider now owns 61,642 shares of the company’s stock, valued at approximately $7,570,870.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 5,576 shares of Qualys stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $107.06, for a total value of $596,966.56. Following the completion of the sale, the chief executive officer now directly owns 181,432 shares in the company, valued at approximately $19,424,109.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,753 shares of company stock valued at $1,826,493. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wolfe Research cut Qualys from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 13th. Truist Financial dropped their target price on Qualys from $125.00 to $110.00 in a research report on Monday, January 9th. JPMorgan Chase & Co. assumed coverage on Qualys in a research report on Tuesday, January 24th. They issued an “underweight” rating and a $109.00 target price on the stock. Piper Sandler dropped their target price on Qualys from $138.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday, January 5th. Finally, StockNews.com started coverage on Qualys in a research report on Thursday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.20.

About Qualys

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Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations.