Qualys Inc (QLYS) Chairman Philippe F. Courtot Sells 40,000 Shares of Stock

Qualys Inc (NASDAQ:QLYS) Chairman Philippe F. Courtot sold 40,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $34.63, for a total value of $1,385,200.00. Following the completion of the transaction, the chairman now owns 5,577,542 shares in the company, valued at approximately $193,150,279.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Qualys Inc (NASDAQ:QLYS) traded down 0.71% on Monday, hitting $34.85. The company had a trading volume of 104,937 shares. The stock’s 50-day moving average price is $35.46 and its 200 day moving average price is $35.28. The company has a market capitalization of $1.27 billion, a P/E ratio of 69.70 and a beta of 0.99. Qualys Inc has a one year low of $23.77 and a one year high of $39.67.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $52.20 million for the quarter, compared to the consensus estimate of $52.63 million. Qualys had a return on equity of 8.40% and a net margin of 9.71%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, analysts expect that Qualys Inc will post $0.85 EPS for the current fiscal year.

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

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Several equities analysts have weighed in on QLYS shares. First Analysis lowered Qualys from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $42.00 to $37.00 in a research note on Thursday, February 9th. Wells Fargo & Co started coverage on Qualys in a research note on Wednesday, January 11th. They issued a “market perform” rating on the stock. Robert W. Baird reissued a “hold” rating on shares of Qualys in a research note on Tuesday, February 21st. Zacks Investment Research lowered Qualys from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Finally, Northland Securities started coverage on Qualys in a research note on Wednesday, January 25th. They issued an “outperform” rating and a $42.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $37.18.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DIAM Co. Ltd. acquired a new position in shares of Qualys during the third quarter worth about $136,000. Royal Bank of Canada increased its position in shares of Qualys by 22.1% in the second quarter. Royal Bank of Canada now owns 4,632 shares of the company’s stock worth $138,000 after buying an additional 838 shares in the last quarter. Pacad Investment Ltd. increased its position in shares of Qualys by 214.3% in the fourth quarter. Pacad Investment Ltd. now owns 4,400 shares of the company’s stock worth $139,000 after buying an additional 3,000 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Qualys by 25.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,560 shares of the company’s stock worth $144,000 after buying an additional 932 shares in the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new position in shares of Qualys during the third quarter worth about $201,000. 74.32% of the stock is currently owned by institutional investors.

Qualys Company Profile

Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.

5 Day Chart for NASDAQ:QLYS

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