On January 20, 2026, Bruce K. Posey, the Chief Legal Officer at Qualys, Inc. (NASDAQ: QLYS), sold a total of 1,101 shares of the company's common stock, accruing proceeds of $145,708. These shares were sold across four separate transactions conducted during the trading day.
The initial sale consisted of 669 shares at a weighted average price of $131.7664 per share, with individual trade prices falling between $131.35 and $132.18. During the second transaction, Posey disposed of 286 shares averaging $132.7051 each, with prices ranging from $132.36 to $133.02. The third sale consisted of 40 shares at an average price point of $133.6410, within a range of $133.38 to $133.82. The final transaction involved selling 106 shares at $134.50 apiece.
Following these divestitures, Posey retains direct ownership of 68,598 shares in Qualys. Notably, these sales were conducted under a pre-established Rule 10b5-1 trading plan that Posey adopted on August 21, 2025, ensuring compliance with insider trading regulations.
In alignment with these insider activities, Qualys recently reported impressive third-quarter financial results. The company achieved a 10% increase in year-over-year revenue, accompanied by a strong 49% EBITDA margin. Additionally, Qualys posted a 53% free cash flow margin, signaling robust operational cash generation and financial stability.
Market analysts have responded favorably to Qualys’ performance. UBS and Baird raised their price targets to $150 while maintaining Neutral ratings, signaling confidence in the company’s accelerating revenue trajectory. Piper Sandler upgraded the stock from Underweight to Neutral, citing consistent growth over five consecutive quarters and a strengthened outlook. Berenberg initiated coverage by assigning a Hold rating with a price target of $165, emphasizing Qualys’ distinctive position within the cybersecurity industry.
Corporate governance updates also marked the period, with Bradford L. Brooks joining Qualys’ Board of Directors. Brooks brings extensive leadership experience from previous roles at cybersecurity-related firms such as Censys and OneLogin, suggesting a strategic move to bolster executive expertise as the company expands.
Together, these insider actions, financial achievements, analyst revisions, and leadership enhancements illustrate a phase of strategic development and consolidation for Qualys within the cybersecurity sector.