Qualys CEO Sumedh Thakar sells $513k in company stock

Qualys CEO Sumedh Thakar sells $513k in company stock

Tesla driver accelerated into house in fatal Texas crash, NTSB says Sumedh S Thakar, CEO & President of QUALYS, INC. (NASDAQ:QLYS), sold 3,200 shares of the company’s common stock on July 14, 2026. The transactions totaled approximately $513,610, with share prices ranging from $149.30 to $163.565. The sales were conducted pursuant to a Rule 10b5-1 trading plan, which Thakar adopted on February 27, 2026.

Following these transactions, Mr. Thakar directly holds 193,486 shares of Qualys common stock. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. Investors can access 15 additional ProTips and comprehensive analysis through the platform’s Pro Research Report, available for QLYS and 1,400+ other US equities.

In other recent news, Qualys has reported several key developments. TD Cowen raised its price target for Qualys to $145 from $90, maintaining a Hold rating, and projected a 9% year-over-year rise in second-quarter 2026 billings. They also anticipate a 14% increase in adjusted earnings per share, driven by lower operating expenses.

JPMorgan upgraded Qualys from Underweight to Neutral, citing growth in the vulnerability management sector and raising the price target to $139 from $87. Scotiabank, however, lowered its price target to $100 from $135, maintaining a Sector Perform rating, and noted an 8% growth in current billings for the first quarter. Additionally, Qualys announced that its TotalCloud solution achieved FedRAMP High Authorization, sponsored by the U.S. Drug Enforcement Agency.

This authorization extends the FedRAMP High status of the Qualys Government Platform to include the Cloud-Native Application Protection Platform. The FedRAMP High Authorization aligns with stringent compliance standards for handling sensitive government data. These developments reflect a mix of analyst opinions and strategic advancements for Qualys.