Qualys (NASDAQ:QLYS) Chief Legal Officer Bruce K. Posey reported the sale of 65 shares of company stock on March 13, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The transactions were completed at a weighted average price between $100.04 and $100.18, resulting in total gross proceeds of $6,506.
Following the disposition, Posey retains direct ownership of 70,955 shares of Qualys. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan that Posey adopted on August 21, 2025.
Since the March 13 sale, Qualys shares have declined and are trading at $94.99, representing a 28% drop year-to-date. The price movement and the insider transaction are noted alongside recent company financial results.
Qualys reported fourth-quarter 2025 financial results that exceeded Wall Street estimates. The company posted earnings per share of $1.87, compared with the consensus estimate of $1.78. Revenue for the quarter reached $175.28 million, topping the forecast of $173.15 million.
Despite the beat on both EPS and revenue, Truist Securities reduced its price target for Qualys from $130.00 to $120.00 while maintaining a Hold rating. Truist cited concerns about growth, pointing to a slight decline in net dollar retention to 103% from 104% in the prior quarter and noting that newer products remain in the process of ramping up.
These elements - the insider sale carried out under a pre-established plan, the quarterly results that beat expectations, and the analyst adjustment - present a mixed picture for market participants evaluating Qualys's near-term growth trajectory.
Summary of the factual items reported:
- Sale details: 65 shares sold on March 13, 2026 at a weighted average price of $100.04 to $100.18, totaling $6,506.
- Post-sale ownership: Posey directly owns 70,955 shares.
- Transaction mechanics: Sale executed under a Rule 10b5-1 trading plan adopted August 21, 2025.
- Share price movement: Stock trading at $94.99, down 28% year-to-date.
- Q4 2025 results: EPS $1.87 versus $1.78 expected; revenue $175.28 million versus $173.15 million expected.
- Analyst action: Truist Securities lowered its price target from $130.00 to $120.00 and kept a Hold rating, citing growth concerns and a slight decline in net dollar retention to 103% from 104%.