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In a recent filing with the Securities and Exchange Commission, John A. Zangardi, a director at Qualys, Inc. (NASDAQ:QLYS), disclosed the purchase of 5 shares of the company’s common stock. The transaction, which took place on August 13, 2024, was completed at a price of $125.58 per share, amounting to a total value of $627. The cybersecurity company, currently valued at $5 billion, maintains impressive gross profit margins of 82% and trades at a P/E ratio of 29.1. InvestingPro analysis suggests the stock is slightly undervalued, with 8 analysts recently revising earnings estimates upward.
The filing also notes that these shares were acquired indirectly by Zangardi’s son, as per the requirements of Section 16 reporting. Following the transaction, Zangardi holds 10,442 shares directly. The report was filed on February 10, 2025, with a signature by Bruce Posey, acting under power of attorney. According to InvestingPro, Qualys maintains a strong financial position with more cash than debt on its balance sheet. Subscribers can access detailed insider trading patterns and 10 additional ProTips in the comprehensive Pro Research Report.
In other recent news, cybersecurity firm Qualys has had its stock price target adjusted by two financial services firms. Canaccord Genuity cut the price target to $163 from $170 but maintained a buy rating on the stock. The change reflects the firm’s assessment of Qualys’ financial forecast and investment strategies aimed at driving growth. Canaccord Genuity anticipates that Qualys’ current billings will improve in the fiscal year 2025, with potential gains coming from better performance in underrepresented market segments or through effective packaging and bundling initiatives.
On the other hand, Baird increased its price target for Qualys to $150 from $145 while maintaining a neutral rating. Despite challenges including pressure on its core vulnerability management business and an intensifying competitive environment, Baird expects Qualys’ revenue growth to be in the mid-to-high teens percentage range in 2025. The company’s financial health is underlined by its substantial operating margins of over 40% and free cash flow margins in the mid-thirties percent range.
These recent developments indicate that while facing some challenges, Qualys is expected to see improvements in its financial performance and growth in the coming years, according to analysts from Canaccord Genuity and Baird.
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