Qualys, Inc. (NASDAQ:) Chief Authorized Officer, Bruce Okay. Posey, has lately engaged in vital transactions involving the corporate’s inventory, in response to the newest SEC filings. Posey executed a sale of 1,330 shares of frequent inventory on September 20, 2024, which quantities to over $160,000 in complete worth.

The transactions included two separate gross sales: the primary concerned 132 shares at a value of $122.44 per share, whereas the second and bigger transaction consisted of 1,198 shares offered at a weighted common value between $123.50 and $124.43 per share. The whole worth of the shares offered in these transactions reached roughly $164,650.

Along with the gross sales, Posey additionally acquired 1,000 shares by an choice train at a value of $25.56 per share, totaling $25,560. The choice, as famous within the footnotes of the SEC submitting, is totally vested and instantly exercisable.

The reported transactions have been performed underneath a Rule 10b5-1 buying and selling plan, which Posey had adopted on August 28, 2023. This kind of plan permits company insiders to determine pre-planned transactions at a time when they aren’t in possession of fabric personal data, offering a protection towards accusations of insider buying and selling.

Following these transactions, Posey’s possession in Qualys frequent inventory has adjusted, but he stays a big holder with a vested curiosity within the firm’s efficiency.

Buyers and market watchers usually scrutinize insider transactions as they will present insights into the executives’ views on the corporate’s present valuation and future prospects.

In different latest information, cybersecurity agency Qualys Inc . skilled a lower in demand for its standalone Vulnerability Administration core providing. The corporate’s Q2 2024 outcomes revealed a detrimental 2% year-over-year billings development, falling notably wanting the anticipated 8% development. Consequently, administration revised the full-year 2024 income forecast downward by 100 foundation factors, now anticipating an 8% year-over-year development charge. TD Cowen subsequently lowered its value goal for Qualys to $140 from $170, sustaining a Maintain ranking.

Different latest developments embrace analyst changes, with Canaccord Genuity, RBC Capital, and JPMorgan revising their value targets for Qualys as a result of latest monetary outcomes and future projections. Regardless of the challenges, Qualys reported an 8% income improve in Q2 2024 to $148.7 million. The corporate additionally launched TruRisk Eradicate, a product geared toward enhancing vulnerability administration, and plans to increase its GovCloud platform into extra federal companies.

Qualys anticipates an 8-10% improve in full-year income for 2024, projecting figures between $601.5 million and $608.5 million. These projections, together with the corporate’s strategic concentrate on product innovation and partnerships, counsel a possible for future development regardless of the present challenges. Nevertheless, these are analyst opinions and ought to be thought-about as such.

InvestingPro Insights

As Qualys, Inc. (NASDAQ:QLYS) navigates by the market, its monetary well being and development prospects come into focus. With a market capitalization of $4.66 billion, Qualys stands as a big participant in its sector. The corporate’s strong gross revenue margin of 81.5% for the final twelve months as of Q2 2024, as per InvestingPro knowledge, underscores its effectivity in managing prices relative to its revenues. This can be a vital indicator for traders, because it displays the corporate’s potential to show gross sales into income.

Moreover, Qualys has been buying and selling at a P/E ratio of 27.42, which adjusts barely to 27.33 when trying on the final twelve months as of Q2 2024. This valuation metric, coupled with a PEG ratio of 0.61, means that the corporate’s earnings development charge is favorable when in comparison with its P/E ratio. Within the eyes of some traders, this might point out that Qualys’ inventory may be undervalued, contemplating its development potential.

Two InvestingPro Ideas spotlight that Qualys is presently buying and selling close to its 52-week low and holds extra cash than debt on its steadiness sheet. These elements may be significantly interesting to value-oriented traders on the lookout for potential bargains with a stable monetary basis. For these eager about a deeper dive, there are extra InvestingPro Ideas obtainable, providing insights corresponding to analyst predictions and valuation multiples. Go to https://www.investing.com/professional/QLYS to discover all 12 suggestions and achieve a complete understanding of Qualys’ funding profile.

Qualys’ potential to generate revenue can be confirmed by its spectacular return on belongings of 21.51% for the final twelve months as of Q2 2024, which alerts efficient use of its belongings in producing earnings. As insiders like Chief Authorized Officer Bruce Okay. Posey make vital transactions, these monetary metrics and insights present a broader context for traders evaluating the corporate’s inventory efficiency.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.