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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.
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