Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells 35,723 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) CEO Matthew P. Flake sold 35,723 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $2,647,788.76. Following the completion of the sale, the chief executive officer now directly owns 578,714 shares of the company’s stock, valued at approximately $42,894,281.68. This represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Q2 Trading Up 3.9 %

Shares of NYSE QTWO opened at $75.89 on Friday. The company’s fifty day moving average is $89.81 and its 200-day moving average is $90.04. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWOGet Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities research analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on QTWO. Truist Financial reissued a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Citigroup raised their price target on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Raymond James raised their price target on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Needham & Company LLC raised their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Stephens reissued an “overweight” rating and issued a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average target price of $105.27.

Check Out Our Latest Research Report on QTWO

Hedge Funds Weigh In On Q2

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of Q2 during the fourth quarter worth $191,000. Invst LLC bought a new stake in Q2 in the 4th quarter valued at $415,000. Public Employees Retirement System of Ohio bought a new stake in Q2 in the 4th quarter valued at $140,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Q2 by 66.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,409 shares of the technology company’s stock valued at $18,058,000 after acquiring an additional 71,440 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Q2 in the 4th quarter valued at $530,000.

About Q2

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Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.

See Also

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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