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FOSTER CITY, CA—Kim Joo Mi, Chief Financial Officer of Qualys, Inc. (NASDAQ:QLYS), a cybersecurity firm with a market capitalization of $4.2 billion and impressive gross profit margins of 82%, has sold a portion of her holdings in the company, according to a recent SEC filing. On April 7, 2025, Kim sold 162 shares of Qualys common stock at a weighted average price of $120.0415 per share. The total value of the transaction amounted to $19,446. The sale comes as Qualys shares trade near their 52-week low of $112.61, having declined 9% in the past week. InvestingPro analysis suggests the stock is currently undervalued, with 10 analysts recently revising their earnings estimates upward.
This sale was conducted under a pre-established Rule 10b5-1 trading plan, which Kim adopted on August 21, 2024. Following the transaction, she retains ownership of 107,209 shares in the company. Despite the insider sale, management has been actively buying back shares, reflecting confidence in the company's outlook.
In other recent news, Qualys has been the subject of analyst discussions and adjustments. DA Davidson has maintained a Neutral rating on Qualys shares with a price target of $130. The focus was on the company's new Enterprise TruRisk Management platform, which is expected to create cross-sell and upsell opportunities, although significant growth is projected for the fiscal year 2026. Meanwhile, Canaccord Genuity has reduced its price target for Qualys from $170 to $163, while maintaining a Buy rating. The firm anticipates improvements in Qualys' calculated billings by fiscal year 2025 and sees potential growth through product enhancements and market expansion. Despite a lower earnings per share guidance, Canaccord Genuity views the ongoing investments as beneficial in the long term. The firm's positive outlook is based on a projected 27 times multiple of the calendar year 2025 Free Cash Flow. These developments highlight the strategic initiatives and market opportunities that Qualys is pursuing.
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