Trading volume for Qualys, Inc. was 517K on Friday. Trading volume was up 56.03% over the stocks average daily volume.
Qualys, Inc. (NASDAQ:QLYS) has been the object of insider selling activity recently. Sumedh S. Thakar, Chief Product Officer let go of $73,206 worth of shares at an average price of $40.67 on Mon the 10th. Thakar now owns $5,564,917 of stock as reported to the SEC.
These funds have also shifted positions in (QLYS). Torray LLC divested its stake by shedding 2,069 shares a decrease of 12.5% as of 06/30/2017. Torray LLC currently owns 14,444 shares with a value of $589,000. The total value of its holdings decreased 5.9%. Dupont Capital Management Corp reduced its investment by selling 1,637 shares a decrease of 3.6% in the quarter. Dupont Capital Management Corp owns 43,263 shares worth $1,765,000. The value of the position overall is up by 3.7%.
As of quarter end Bank Of NEW York Mellon Corp had bought 12,974 shares growing its holdings by 49,900.0%. The value of the investment in QLYS went from $1,000 to $530,000 a change of $529,000 quarter over quarter. BNP Paribas Arbitrage, SA grew its ownership by buying 3,501 shares an increase of 62.0%. BNP Paribas Arbitrage, SA now holds 9,152 shares valued at $373,000. The value of the position overall is up by 74.3%.
On August 3 the company was upgraded from “Neutral” to “Overweight” in a report issued by JP Morgan. On June 7 analysts at Susquehanna added QLYS to its research portfolio by announcing an initial rating of “Neutral”.
On November 4 the stock rating was upgraded to “Neutral” from “Underweight” by analysts at JP Morgan. On October 17 the company was upgraded to “Buy” from “Neutral” and a price target of $47.00 was set in a report from DA Davidson.
Equity analyst Wunderlich both upgraded the stock and raised the price target on September 13 boosting the price target from $26.00 to $43.00 and setting the rating at “Buy” which had previously been “Hold”. On September 13 the stock rating was upgraded to “Buy” from “Hold” with a current price target of $43.00 by Wunderlich.
The company is now down from yesterday’s close of $46.4. It is trading at $46.25 which is just a bit higher than the 50 day moving average which is $41.29 and which is marginally over the 200 day moving average of $38.55. The 50 day moving average was up $4.96 or +12.00% and the 200 day average went up $7.70 or +19.99%.
The P/E ratio is 45.25 and the market value is 1.72B. As of the latest earnings report the EPS was $1.02 and is estimated to be $0.89 for the current year with 37,277,000 shares outstanding. Next quarter’s EPS is forecasted at $0.22 with next year’s EPS projected to be $1.03.
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..