Mon Sep 23 22:30:45 UTC 2024: ## Qualys Insider Sells Stock, Institutional Investors Increase Holdings

**San Francisco, CA – September 23, 2024** – Qualys, Inc. (NASDAQ: QLYS) saw insider trading activity last week with Bruce K. Posey, an insider of the company, selling 1,330 shares of Qualys stock for a total value of $164,654.00. This leaves Posey with 55,618 shares in the company, valued at $6,885,508.40.

Despite this insider sale, institutional investors seem bullish on Qualys, with several funds increasing their stakes in the company. Janney Montgomery Scott LLC, Cambridge Investment Research Advisors Inc., Hsbc Holdings PLC, Hilltop Holdings Inc., and Parallel Advisors LLC all expanded their holdings in Qualys during the fourth quarter of 2023. This indicates strong confidence in the company’s future performance.

Qualys, a leading provider of cloud-based IT, security, and compliance solutions, reported strong second-quarter earnings on August 6th, exceeding analyst expectations. The company’s revenue grew by 8.4% year-over-year, and analysts are optimistic about its future performance, forecasting an EPS of 3.94 for the current fiscal year.

On Monday, September 23rd, QLYS shares traded up $2.60 to reach $127.01, demonstrating continued positive sentiment towards the company. With a market cap of $4.69 billion and a price-to-earnings ratio of 28.99, Qualys remains an attractive investment for many investors.

**This article was compiled using information from MarketBeat News and public financial filings.**

Read More