Qualys, Inc. (NASDAQ:QLYS) Sees Large Growth in Short Interest

Qualys, Inc. (NASDAQ:QLYSGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,920,000 shares, an increase of 19.5% from the May 15th total of 3,280,000 shares. Approximately 10.9% of the shares of the company are short sold. Based on an average daily volume of 432,100 shares, the days-to-cover ratio is presently 9.1 days.

Qualys Stock Up 0.0 %

Shares of Qualys stock traded up $0.05 during mid-day trading on Monday, reaching $136.74. 382,695 shares of the stock traded hands, compared to its average volume of 456,083. The stock has a market capitalization of $5.05 billion, a PE ratio of 31.65 and a beta of 0.47. The business has a 50-day moving average of $153.35 and a 200 day moving average of $171.01. Qualys has a fifty-two week low of $122.53 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYSGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, beating the consensus estimate of $0.88 by $0.17. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The firm had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. On average, equities research analysts expect that Qualys will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on QLYS shares. Robert W. Baird cut their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research report on Monday, May 13th. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Thursday. Scotiabank started coverage on Qualys in a research note on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price target for the company. Finally, TD Cowen initiated coverage on Qualys in a research report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $162.23.

Check Out Our Latest Stock Analysis on QLYS

Insider Transactions at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 4,034 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $163.96, for a total transaction of $661,414.64. Following the completion of the transaction, the chief executive officer now directly owns 193,608 shares of the company’s stock, valued at approximately $31,743,967.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total value of $235,821.30. Following the sale, the insider now owns 63,057 shares in the company, valued at $10,398,729.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 4,034 shares of Qualys stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the transaction, the chief executive officer now owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The disclosure for this sale can be found here. Insiders sold a total of 21,543 shares of company stock worth $3,250,832 over the last three months. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Qualys

A number of institutional investors and hedge funds have recently bought and sold shares of QLYS. Signaturefd LLC boosted its stake in Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after buying an additional 58 shares during the last quarter. Wallace Advisory Group LLC raised its holdings in shares of Qualys by 4.0% during the 1st quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock worth $275,000 after acquiring an additional 63 shares during the period. Intrust Bank NA boosted its position in shares of Qualys by 1.4% during the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after acquiring an additional 69 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after purchasing an additional 83 shares during the period. Finally, Covenant Partners LLC increased its position in Qualys by 3.5% during the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock worth $492,000 after purchasing an additional 84 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Company Profile

(Get Free Report)

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.

Further Reading

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