Chip stocks fall with Nvidia after data center rev disappointment
Foster City, CA - Sumedh Thakar, the CEO and President of Qualys, Inc. (NASDAQ:QLYS), made significant transactions involving the company’s common stock, as disclosed in a recent SEC filing. On March 14, Thakar sold a total of 7,000 shares, generating proceeds of approximately $876,272. The sale prices ranged from $123.49 to $126.24 per share. The transaction comes as Qualys maintains impressive gross profit margins of 81.65% and receives strong financial health ratings according to InvestingPro analysis.
In addition to the sales, Thakar exercised options to acquire 7,000 shares at a price of $25.56 per share, totaling $178,920. Following these transactions, Thakar’s direct ownership of Qualys stock stands at 246,313 shares. With the stock currently trading at $130.61 and a market capitalization of $4.77 billion, InvestingPro analysis suggests the company is slightly undervalued based on its Fair Value metrics.
These transactions were conducted under a pre-established Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined amount of stock at a specific time. For deeper insights into Qualys’s valuation, growth prospects, and 8 additional exclusive ProTips, visit InvestingPro to access the comprehensive Pro Research Report.
In other recent news, Qualys has seen a range of analyst updates regarding its financial outlook and strategic initiatives. DA Davidson reiterated a Neutral rating on Qualys, maintaining a price target of $130, emphasizing the potential of the company’s new Enterprise TruRisk Management (ETM) platform. This platform is expected to create cross-sell and upsell opportunities, with significant growth projected for fiscal year 2026. Meanwhile, Canaccord Genuity maintained a Buy rating but adjusted its price target to $163 from $170, citing a growth trough in the second quarter of 2024 and a focus on product progress for future growth. Canaccord Genuity remains confident in Qualys’ long-term potential despite lowered earnings per share guidance.
Baird also revised its price target for Qualys, increasing it to $150 from $145, while maintaining a Neutral rating. The firm noted the company’s revenue growth outlook in the mid-to-high teens percentage range for 2025, despite pressures in its core vulnerability management business. Qualys’ strong operating margins and free cash flow margins were highlighted, suggesting adherence to the Rule-of-40 for sustainable growth. These developments reflect ongoing evaluations by analysts regarding Qualys’ strategic direction and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.