Key Points
- Qualys CFO Joo Mi Kim sold 2,659 shares for about $557,000 under a pre-arranged Rule 10b5-1 plan, retaining 68,208 shares afterward.
- In its latest reported quarter, Qualys beat estimates with earnings of $1.98 per share and revenue of $182.18 million; revenue rose 11.1% year over year.
- Qualys has drawn attention for its AI-driven vulnerability platform, but analysts flagged execution risk in converting AI-related demand into billings. MarketBeat’s analyst consensus was “Hold,” with an average price target of $183.62.
Qualys, Inc. (NASDAQ:QLYS - Get Free Report) CFO Joo Mi Kim sold 2,659 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $209.66, for a total transaction of $557,485.94. Following the completion of the sale, the chief financial officer directly owned 68,208 shares in the company, valued at $14,300,489.28. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Qualys Stock Up 1.4%
Shares of NASDAQ:QLYS opened at $210.57 on Wednesday. The company's fifty day moving average is $189.57 and its 200 day moving average is $135.71. Qualys, Inc. has a 52 week low of $74.51 and a 52 week high of $235.54. The stock has a market cap of $7.29 billion, a PE ratio of 35.55 and a beta of 0.54.
Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. The firm had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. Qualys had a net margin of 29.38% and a return on equity of 37.52%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. Sell-side analysts anticipate that Qualys, Inc. will post 5.84 EPS for the current year.
Key Headlines Impacting Qualys
Here are the key news stories impacting Qualys this week:
Wall Street Analyst Weigh In
QLYS has been the subject of a number of analyst reports. Morgan Stanley set a $200.00 target price on shares of Qualys in a research note on Tuesday, October 13th. Yorkville Ives initiated coverage on shares of Qualys in a research note on Monday, October 5th. They issued an "outperform" rating and a $230.00 price target for the company. Canaccord Genuity Group set a $190.00 price objective on Qualys in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Qualys from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Zacks Research raised Qualys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $183.62.
Check Out Our Latest Report on QLYS
Institutional Investors Weigh In On Qualys
Several hedge funds and other institutional investors have recently made changes to their positions in QLYS. Brighton Jones LLC bought a new stake in shares of Qualys during the 3rd quarter worth approximately $264,000. Ethic Inc. bought a new position in Qualys during the 3rd quarter worth about $235,000. Alps Advisors Inc. purchased a new position in Qualys during the third quarter valued at approximately $629,000. Heritage Family Offices LLP purchased a new position in shares of Qualys in the 3rd quarter valued at $97,000. Finally, Bridge City Capital LLC raised its holdings in Qualys by 21.2% in the third quarter. Bridge City Capital LLC now owns 20,851 shares of the software maker's stock worth $3,903,000 after purchasing an additional 3,653 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.
About Qualys
(
Get Free Report)
Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.
The company's offerings include vulnerability management, detection and response, policy compliance, asset inventory, web application security, endpoint security and cloud security capabilities.
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