Here is the rundown on market activity for Qualys, Inc. (NASDAQ:QLYS). Sumedh S. Thakar, Chief Product Officer disclosed the sale of 1,800 shares of QLYS stock. The shares were purchased at an average price of $40.67. The Chief Product Officer now owns $5,564,917 of the stock according to the SEC filing. Sumedh S. Thakar, Chief Product Officer reported the sale of 16,585 shares of (QLYS). The shares were sold on May 3rd for an average price of $40.79. Thakar now owns $5,675,929 of the stock per the Form 4 SEC filing.
VP Corp Dev & Strat Alliances Amer Deeba sold 2,000 shares at an average price of $38.61 on Mon the 1st. That brings the VP Corp Dev & Strat Alliances’s holdings to $3,063,819 per an SEC filing yesterday.
Qualys, Inc., launched on December 30, 1999, is a provider of cloud-based security and compliance solutions. The Business’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 Qualys 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. The Company provides its solutions through a software-as-a-service model..
These firms have also modified their investment in QLYS. As of quarter end Bank Of Montreal /can/ had disposed of a total of 16,648 shares trimming its stake by 33.4%. The value of the investment in (QLYS) decreased from $1,886,000 to $1,352,000 decreasing 28.3% quarter over quarter. Capstone Asset Management Co cut its position by shedding 280 shares a decrease of 2.6%. Capstone Asset Management Co claims 10,320 shares valued at $421,000. The total value of its holdings increased 4.7%.
As of the end of the quarter Kames Capital Plc had sold 1,001 shares trimming its position 3.0%. The value in dollars went from $1,277,000 to $1,332,000 a change of $55,000 since the last quarter. As of quarter end Clearbridge Investments, LLC had acquired a total of 16,913 shares growing its holdings by 1.5%. The value of the investment in QLYS went from $34,755,000 to $42,259,000 a change of 21.6% for the reporting period.
On June 7, 2017 Susquehanna started coverage with a rating of “Neutral”. On November 4 the company was rated “Neutral” in a report from JP Morgan which is up from the previous “Underweight” rating.
On October 17 the company was upgraded from “Neutral” to “Buy” and a price target of $47.00 was set in a statement from DA Davidson. On September 13 the stock rating was upgraded to “Buy” from “Hold” with a current price target of $43.00 by Wunderlich.
Equity analyst Wunderlich both upgraded the stock and raised the price target on September 13 changing the price target from $26.00 to $43.00 and altering the rating from “Hold” to “Buy”. On July 22 analysts at Summit Redstone Partners issued its first research report on the stock with an initial rating of “Hold” and price target of $30.00.
The company is so far trading up by 1.44% since yesterday’s close of $41.65. Company chares are trading at $42.25 barely above the 50 day moving average of $41.89 and a bit higher than the 200 day moving average of $37.12. The 50 day moving average moved up $0.36 whereas the 200 day moving average was up $5.13 or +13.83%.
The most current P/E ratio is 45.28 and market capitalization is 1.56B. In the latest earnings report the EPS was $0.93 and is estimated to be $0.85 for the current year with 37,033,000 shares now outstanding. Next quarter’s EPS is expected be $0.21 with next year’s EPS anticipated to be $1.02.