Joo Mi Kim Sells 928 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 928 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $167.97, for a total transaction of $155,876.16. Following the transaction, the chief financial officer now owns 93,196 shares in the company, valued at approximately $15,654,132.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joo Mi Kim also recently made the following trade(s):

• On Friday, April 5th, Joo Mi Kim sold 1,912 shares of Qualys stock. The shares were sold at an average price of $165.04, for a total transaction of $315,556.48.
• On Tuesday, March 5th, Joo Mi Kim sold 723 shares of Qualys stock. The shares were sold at an average price of $164.76, for a total transaction of $119,121.48.

Qualys Price Performance

NASDAQ:QLYS opened at $151.87 on Friday. Qualys, Inc. has a 1-year low of $113.00 and a 1-year high of $206.35. The company has a 50-day moving average of $166.19 and a 200 day moving average of $175.70. The firm has a market cap of $5.61 billion, a PE ratio of 37.59 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The company had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. Sell-side analysts anticipate that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QLYS has been the topic of a number of analyst reports. Wedbush cut their price objective on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Scotiabank initiated coverage on shares of Qualys in a research report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research report on Thursday, February 8th. TD Cowen assumed coverage on shares of Qualys in a research note on Tuesday, March 26th. They set a “market perform” rating and a $170.00 target price for the company. Finally, Truist Financial lowered their target price on shares of Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $162.23.

Institutional Trading of Qualys

A number of hedge funds have recently added to or reduced their stakes in the business. Taylor Hoffman Wealth Management lifted its position in shares of Qualys by 0.5% during the first quarter. Taylor Hoffman Wealth Management now owns 23,820 shares of the software maker’s stock valued at $3,975,000 after buying an additional 130 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Qualys by 19.6% during the first quarter. Blair William & Co. IL now owns 31,158 shares of the software maker’s stock valued at $5,199,000 after buying an additional 5,113 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Qualys by 60.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 18,449 shares of the software maker’s stock valued at $3,079,000 after buying an additional 6,932 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Qualys by 4.9% during the first quarter. ProShare Advisors LLC now owns 8,668 shares of the software maker’s stock valued at $1,446,000 after buying an additional 405 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Qualys during the first quarter valued at about $326,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.