Bank of America just raised its EUR/USD forecast
In a recent transaction, Kim Joo Mi, the Chief Financial Officer of Qualys, Inc. (NASDAQ:QLYS), sold 4,542 shares of the company's common stock. The shares were sold at an average price of approximately $140.08, according to a filing with the Securities and Exchange Commission. The transaction comes as Qualys maintains strong financial health, with InvestingPro data showing impressive gross profit margins of 81.65% and a robust balance sheet with more cash than debt. This transaction, which took place on February 13, 2025, was conducted under a Rule 10b5-1 trading plan adopted by Kim on August 21, 2024.
Following this sale, Kim Joo Mi retains ownership of 108,215 shares of Qualys. The sale was executed as part of a pre-arranged trading plan, which allows company insiders to sell a predetermined number of shares at a predetermined time, thereby reducing concerns about insider trading.
In other recent news, cybersecurity firm Qualys has seen its stock price target adjusted by two financial services firms. Canaccord Genuity maintained a Buy rating on Qualys but reduced the stock's price target to $163 from $170, reflecting their view of the company's financial forecast and growth strategies. The firm anticipates an improvement in Qualys' Last Twelve Months (LTM) calculated billings in the fiscal year 2025, driven by product advances and better performance in underrepresented market segments.
On the other hand, Baird adjusted its price target for Qualys upwards to $150 from $145 while maintaining a Neutral rating. Despite challenges such as pressure on its core vulnerability management business and an increasingly competitive environment, Baird's analysis expects Qualys' revenue growth to be in the mid-to-high teens percentage range in 2025. The company's substantial operating margins of over 40% and free cash flow margins in the mid-thirties percent range were also highlighted.
These recent developments underscore the evolving landscape for Qualys, with both firms recognizing the potential for future performance despite current challenges. While Canaccord Genuity sees potential in strategic initiatives and market opportunities, Baird acknowledges the pressure from industry standardization. Both firms' assessments provide insights into the company's future expectations.
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