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Foster City, CA - Sumedh S. Thakar, the CEO and President of Qualys, Inc. (NASDAQ:QLYS), a cybersecurity firm with an impressive 81.65% gross profit margin and "GREAT" financial health according to InvestingPro, recently executed a series of stock transactions involving the company’s common stock. According to a recent SEC filing, Thakar sold shares valued at approximately $995,160 on February 14, 2025. The shares were sold at prices ranging from $141.38 to $143.66, with the stock recently showing strong momentum with a 7.56% gain over the past week.
In addition to the sales, Thakar also acquired 7,000 shares through an option exercise at a price of $25.56 per share, totaling $178,920. Furthermore, on February 15, 2025, he acquired an additional 169 shares through the company’s Employee Stock Purchase Plan at a price of $103.94 per share, amounting to $17,565.
Following these transactions, Thakar’s direct ownership stands at 246,313 shares. The sales were conducted under a pre-established Rule 10b5-1 trading plan, ensuring compliance with insider trading regulations.
In other recent news, notable developments have been observed in the cybersecurity company, Qualys. Earnings and revenue results have been a significant focus, with Canaccord Genuity reducing Qualys’ stock price target to $163, citing a potential growth trough in the second quarter of 2024. Despite this, the firm anticipates an improvement in Qualys’ Last Twelve Months (LTM) current calculated billings in the fiscal year 2025. The lowered earnings per share (EPS) guidance has been noted, yet the investments leading to this guidance are seen as potentially beneficial in the long term.
In contrast, Baird, a financial services firm, has increased its price target for Qualys to $150, maintaining a Neutral rating. This adjustment comes amid expectations for Qualys’ revenue growth to be in the mid-to-high teens percentage range in 2025. Despite pressure on its core vulnerability management business and an intensifying competitive environment, Qualys’ substantial operating margins and free cash flow (FCF) margins suggest adherence to the Rule-of-40 for sustainable growth.
These are recent developments, and while Baird’s analysis indicates potential challenges due to standardization within the cybersecurity industry, both Canaccord Genuity and Baird highlight strategic initiatives and potential market opportunities as key drivers for future performance.
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