Qualys Slides as Recent Pullback Extends Despite Solid Q2 Results

Qualys, Inc. (QLYS) is down 7.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is that investors are continuing to take profits after a sharp late-August rally, rather than reacting to a new major company-specific setback. This could also reflect pressure from recent insider sale disclosures and a reset in expectations after the stock moved well above its early-summer levels despite only moderate forward revenue growth.

Details:

Qualys reported second-quarter 2026 results in early August that beat expectations, with revenue growth of 11% year over year and stronger earnings, so today’s drop does not appear tied to a weak earnings release.

The company’s third-quarter outlook called for revenue growth of about 9% to 10%, which is healthy but may not have been enough to support the elevated valuation reached after the post-earnings run.

Market pricing shows the shares had climbed to the high-$180s in late August before sliding to the low-$160s by September 10, pointing to an ongoing reversal after a strong advance.

Recent Form 4 filings dated September 3 disclosed small sales by the chief financial officer and a director under prearranged 10b5-1 plans, which can add to near-term caution even when the transactions are routine.

Sources:

Qualys Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$QLYS Insider Trading Activity

$QLYS insiders have traded $QLYS stock on the open market 61 times in the past 6 months. Of those trades, 0 have been purchases and 61 have been sales.

Here’s a breakdown of recent trading of $QLYS stock by insiders over the last 6 months:

SUMEDH S THAKAR (CEO & PRESIDENT) has made 0 purchases and 28 sales selling 72,800 shares for an estimated $9,522,447.
BRUCE K POSEY (CHIEF LEGAL OFFICER) has made 0 purchases and 15 sales selling 3,678 shares for an estimated $555,227.
JOO MI KIM (CHIEF FINANCIAL OFFICER) has made 0 purchases and 11 sales selling 3,623 shares for an estimated $502,542.
WENDY PFEIFFER has made 0 purchases and 4 sales selling 2,000 shares for an estimated $277,475.
THOMAS BERQUIST sold 939 shares for an estimated $103,994
JEFFREY P HANK has made 0 purchases and 2 sales selling 940 shares for an estimated $103,226.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$QLYS Hedge Fund Activity

We have seen 247 institutional investors add shares of $QLYS stock to their portfolio, and 267 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FULLER & THALER ASSET MANAGEMENT, INC. removed 591,358 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $51,950,800
MILLENNIUM MANAGEMENT LLC added 527,327 shares (+224.0%) to their portfolio in Q2 2026, for an estimated $72,502,189
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 514,677 shares (+inf%) to their portfolio in Q2 2026, for an estimated $70,762,940
NEUBERGER BERMAN GROUP LLC removed 466,029 shares (-99.1%) from their portfolio in Q2 2026, for an estimated $64,074,327
LEGAL & GENERAL GROUP PLC added 407,786 shares (+39.6%) to their portfolio in Q2 2026, for an estimated $56,066,497
BLACKROCK, INC. added 402,125 shares (+7.5%) to their portfolio in Q2 2026, for an estimated $55,288,166
ACADIAN ASSET MANAGEMENT LLC added 360,172 shares (+197.8%) to their portfolio in Q2 2026, for an estimated $49,520,048

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$QLYS Analyst Ratings

Wall Street analysts have issued reports on $QLYS in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 05/06/2026

To track analyst ratings and price targets for $QLYS, check out Quiver Quantitative's $QLYS forecast page.

$QLYS Price Targets

Multiple analysts have issued price targets for $QLYS recently. We have seen 7 analysts offer price targets for $QLYS in the last 6 months, with a median target of $125.0.

Here are some recent targets:

Patrick Colville from Scotiabank set a target price of $190.0 on 07/06/2026
Brian Essex from JP Morgan set a target price of $139.0 on 06/30/2026
Dan Ives from Wedbush set a target price of $125.0 on 05/07/2026
Matthew Hedberg from RBC Capital set a target price of $90.0 on 05/06/2026
Rob Owens from Piper Sandler set a target price of $100.0 on 05/06/2026
Kingsley Crane from Canaccord Genuity set a target price of $125.0 on 05/06/2026
Junaid Siddiqui from Truist Securities set a target price of $85.0 on 04/24/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.