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Foster City, CA - Kim Joo Mi, the Chief Financial Officer of Qualys, Inc. (NASDAQ:QLYS), a cybersecurity firm with a market capitalization of $4.5 billion and impressive 81.65% gross profit margins, reported the sale of company shares totaling $182,888, according to a recent SEC filing. The transactions occurred on April 8 and April 9, 2025, with sale prices ranging from $120.01 to $127.04 per share.
The sales were executed under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks to avoid potential insider trading accusations. Following these transactions, Kim Joo Mi holds 105,740 shares of Qualys. According to InvestingPro data, while the CFO sold shares, management has been actively buying back company stock, and the company maintains a strong balance sheet with more cash than debt.
These sales are part of routine financial management practices by company executives and are closely monitored by investors for insights into the company's stock performance and management's confidence in its future. InvestingPro analysis reveals 8 additional key insights about Qualys's financial health and future prospects, available in the comprehensive Pro Research Report.
In other recent news, Qualys has been the focus of analyst evaluations and strategic discussions. DA Davidson reiterated a Neutral rating on Qualys, maintaining a price target of $130. The firm highlighted the potential of Qualys' new Enterprise TruRisk Management (ETM) platform, which is expected to open up cross-sell and upsell opportunities, although significant growth from this initiative is anticipated in fiscal year 2026. Meanwhile, Canaccord Genuity maintained a Buy rating but adjusted its price target for Qualys to $163 from $170. This adjustment reflects the firm's outlook on the company's financial strategies and the current growth phase. Canaccord Genuity noted a growth trough in the second quarter of 2024 but expects improvements in calculated billings by fiscal year 2025. The firm emphasized the potential benefits of Qualys' investments, despite lower earnings per share guidance. Both firms underscore the importance of strategic initiatives and product developments for Qualys' future performance.
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