Bank of America just raised its EUR/USD forecast
Qualys, Inc. (NASDAQ:QLYS), a $4.5 billion cybersecurity company with impressive gross profit margins of ~82% and a GREAT financial health score according to InvestingPro, saw its CEO and President Sumedh Thakar recently execute a series of stock transactions, according to a recent SEC filing. On April 14, Thakar sold a total of 7,000 shares of Qualys common stock, generating proceeds of $866,664. The shares were sold at prices ranging from $122.621 to $124.6159 per share.
In addition to the sales, Thakar exercised stock options to acquire 7,000 shares at a price of $25.56 per share, totaling $178,920. This transaction was conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock.
Following these transactions, Thakar holds 246,313 shares of Qualys common stock.
In other recent news, Qualys has seen notable developments regarding its financial outlook and strategic initiatives. Canaccord Genuity maintained a Buy rating on Qualys, although it adjusted the stock’s price target to $163 from $170, citing the company’s financial forecast and growth strategies. The firm noted a growth slowdown in the second quarter of 2024 but anticipates improvement in 2025, particularly in current calculated billings. Meanwhile, DA Davidson reiterated a Neutral rating with a price target of $130, focusing on the potential of Qualys’ new Enterprise TruRisk Management (ETM) platform to drive future growth. The ETM platform is expected to create opportunities for cross-selling and upselling, with significant growth projected for fiscal year 2026. Despite a reduction in earnings per share guidance, Canaccord Genuity views the associated investments as potentially beneficial in the long term. The firm emphasizes the importance of strategic initiatives and market opportunities for Qualys’ future performance. Both firms continue to monitor Qualys’ progress in line with its strategic initiatives and product developments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.