Key Points
- Qualys insider Bruce Posey sold 866 shares at an average price of $184.23, generating $159,543.18; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 1.43%.
- Qualys reported quarterly adjusted earnings of $1.98 per share and revenue of $182.18 million, beating estimates, while revenue increased 11.1% year over year.
- QLYS shares opened at $181.98, near their 52-week high of $201.54. Analysts maintain a consensus “Hold” rating with an average price target of $170.53, despite some recent target increases and institutional ownership of 99.31%.
Qualys, Inc. (NASDAQ:QLYS - Get Free Report) insider Bruce Posey sold 866 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $184.23, for a total transaction of $159,543.18. Following the transaction, the insider owned 59,554 shares in the company, valued at approximately $10,971,633.42. The trade was a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Qualys Stock Performance
Shares of QLYS opened at $181.98 on Friday. The company has a 50-day simple moving average of $151.02 and a 200-day simple moving average of $115.98. Qualys, Inc. has a 52 week low of $74.51 and a 52 week high of $201.54. The firm has a market capitalization of $6.30 billion, a P/E ratio of 31.48 and a beta of 0.60.
Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%.The business had revenue of $182.18 million for the quarter, compared to the consensus estimate of $178.57 million. During the same period last year, the business earned $1.68 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. As a group, equities analysts forecast that Qualys, Inc. will post 5.85 earnings per share for the current year.
Hedge Funds Weigh In On Qualys
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QLYS. NewEdge Advisors LLC increased its holdings in shares of Qualys by 3,948.0% during the first quarter. NewEdge Advisors LLC now owns 2,024 shares of the software maker's stock worth $255,000 after buying an additional 1,974 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Qualys in the 2nd quarter worth approximately $292,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Qualys by 3,218.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 531 shares of the software maker's stock worth $76,000 after acquiring an additional 515 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Qualys by 482.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 646 shares of the software maker's stock worth $92,000 after acquiring an additional 535 shares during the last quarter. Finally, Amundi grew its position in Qualys by 47.1% during the 2nd quarter. Amundi now owns 21,365 shares of the software maker's stock worth $3,076,000 after acquiring an additional 6,844 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on QLYS shares. Zacks Research upgraded Qualys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Scotiabank lifted their price target on shares of Qualys from $190.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Qualys from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 16th. TD Cowen boosted their price target on shares of Qualys from $145.00 to $170.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Finally, Truist Financial increased their price objective on shares of Qualys from $160.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $170.53.
Check Out Our Latest Stock Report on Qualys
About Qualys
(
Get Free Report)
Qualys, Inc (NASDAQ: QLYS) is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.
The company's flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.
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