Qualys CEO Sumedh Thakar sells $544,152 of company stock
Sumedh S. Thakar, CEO and President of Qualys Inc., sold 3,200 shares of the company's common stock on September 14, 2026, under a Rule 10b5-1 trading plan. The sale totaled $544,152, with shares exchanged at prices between $154.39 and $174.71 per share. Despite the insider sale, Qualys stock has risen 95% over the past six months, trading at $185.37 with a market cap of $6.41 billion.
Thakar currently holds 180,338 shares of Qualys common stock and serves on the company's board. Qualys reported impressive second-quarter earnings, surpassing analyst expectations with $1.98 diluted earnings per share and $182.2 million in revenue, both exceeding forecasts. The company has raised its full-year outlook due to stronger customer demand for its platform.
DA Davidson raised its price target from $135 to $165, maintaining a Neutral rating. The company's revenue growth accelerated to an 11% year-over-year increase, with billings up 16% year-over-year, outperforming expectations.
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