Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is listed and traded on the NASDAQ Global Select Market under the symbol “QLYS”.
Holders of Record
As of February 11, 2025, there were approximate ly 44 hol ders of record of our common stock. Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
Dividend Policy
We have never declared or paid any cash dividends on our capital stock. We currently intend to retain any future earnings to fund business development and growth, and do not expect to pay any dividends in the foreseeable future. Any future determination to declare cash dividends will be made at the discretion of our board of directors, subject to applicable laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions, general business conditions and other factors that our board of directors may deem relevant.
Stock Price Performance Graph
The following graph shows a comparison from December 31, 2019 through December 31, 2024 of the cumulative total return for an investment of $100 (and the reinvestment of dividends) in our common stock, the NASDAQ Global Select Market Composite Index and the NASDAQ Computer Index and the S&P 500 Index. Such returns are based on historical results and are not intended to suggest future performance.
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COMPARISON OF CUMULATIVE TOTAL RETURN*
Among Qualys, Inc., NASDAQ-Global Select Market Composite Index, and NASDAQ Computer Index and S&P 500 Index
* $100 invested on December 31, 2019 in stock or index, including reinvestment of dividends. Fiscal year ending December 31.
December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024
Qualys, Inc. $ 100.00 $ 146.18 $ 164.59 $ 134.62 $ 235.43 $ 168.19
NASDAQ Global Select Market $ 100.00 $ 143.04 $ 176.11 $ 118.67 $ 172.13 $ 222.62
NASDAQ Computer $ 100.00 $ 149.98 $ 206.76 $ 132.79 $ 221.06 $ 301.44
S&P 500 $ 100.00 $ 118.40 $ 152.39 $ 124.79 $ 157.59 $ 197.02
The information on the above Stock Price Performance Graph shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, and shall not be incorporated by reference into any registration statement or other document filed by us with the SEC, whether made before or after the date of this Annual Report on Form 10-K, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
A summary of our repurchases of common stock during the three months ended December 31, 2024 is as follows:
Period Total Number of Shares
Purchased Average Price Paid per Share Total Number of Shares
Purchased as Part of Publicly
Announced Plan or Program (1) Approximate Dollar Value of
Shares that May Yet Be
Purchased under the Plan or
Program
October 1, 2024 - October 31, 2024 145,802 $ 123.87 145,802 $ 167,659,031
November 1, 2024 - November 30, 2024 74,190 $ 144.16 74,190 $ 159,964,062
December 1, 2024 - December 31, 2024 91,730 $ 147.60 91,730 $ 143,424,943 (2)
Total 311,722 311,722
(1) On February 12, 2018, we announced that our board of directors authorized a $100.0 million share repurchase program. On each of October 30, 2018, October 30, 2019, May 7, 2020, February 10, 2021 and February 9, 2023, we announced that our board of directors had authorized an increase of $100.0 million, and on each of November 3, 2021, May 4, 2022, and February 7, 2024, we announced that our board of directors had authorized an increase of $200.0 million to the share repurchase program, resulting in an aggregate authorization of $1.2 billion as of December 31, 2024. On February 6, 2025, we announced that our board of directors authorized an increase of $200.0 million to the share repurchase program, resulting in an aggregate authorization of $1.4 billion. Shares may be repurchased from time to time on the open market in accordance with Rule 10b-18 of the Exchange Act of 1934. We have entered into a pre-set trading plan adopted in accordance with Rule 10b5-1 under the Exchange Act to effect repurchases under our share repurchase program. All share repurchases have been made using cash resources. Our share repurchase program does not have an expiration date.
(2) Does not reflect the $200.0 million increase to our share repurchase program announced on February 6, 2025.
Item 6. [RESERVED]
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