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Foster City, CA — Kim Joo Mi, the Chief Financial Officer of Qualys, Inc. (NASDAQ:QLYS), a cybersecurity company with strong financial health according to InvestingPro metrics and impressive gross profit margins of 82%, recently sold 4,487 shares of the company’s common stock. The transaction, which took place on February 10, 2025, was executed at $140 per share, amounting to a total value of $628,180. Following this sale, Kim Joo Mi retains ownership of 112,757 shares in the company, which currently has a market capitalization of $5 billion and trades at a P/E ratio of 29.
This sale was conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks, providing a defense against potential accusations of insider trading. The plan was adopted on August 21, 2024, and the transaction was signed off by Bruce Posey under power of attorney for Joo Mi Kim. For comprehensive analysis of Qualys and access to detailed valuation metrics, visit InvestingPro, where you’ll find exclusive insights and the company’s detailed Pro Research Report.
In other recent news, Qualys, a cybersecurity firm, has seen adjustments to its stock price target by two financial services firms, Canaccord Genuity and Baird. Canaccord Genuity maintained a Buy rating on Qualys but reduced the stock’s price target to $163, reflecting the firm’s view of Qualys’ financial forecast and growth strategies. Despite a predicted growth trough in 2024, Canaccord Genuity anticipates improved billings in fiscal year 2025, driven by product advancements and potential market opportunities.
Conversely, Baird increased its price target for Qualys to $150, maintaining a Neutral rating. This adjustment comes despite pressures on Qualys’ core vulnerability management business and a competitive environment. Baird expects Qualys’ revenue growth to be in the mid-to-high teens percentage range in 2025, bolstered by substantial operating margins and free cash flow margins.
These are recent developments for Qualys, with both firms expressing confidence in the company’s potential despite current challenges. Canaccord Genuity underlines strategic initiatives and potential market opportunities as key drivers for future performance, while Baird acknowledges the company’s strong financial fundamentals amid industry pressures.
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