Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski Sells 15,005 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 15,005 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $1,112,170.60. Following the sale, the executive now directly owns 197,966 shares of the company’s stock, valued at $14,673,239.92. This represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Q2 Stock Up 3.9 %

Shares of NYSE QTWO opened at $75.89 on Friday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $89.81 and a two-hundred day moving average price of $90.04. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a report on Wednesday, December 18th. Stifel Nicolaus boosted their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Citigroup upped their price objective on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Q2 during the 4th quarter worth about $29,000. Quarry LP boosted its position in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Q2 during the fourth quarter worth approximately $30,000. TCTC Holdings LLC bought a new stake in Q2 in the fourth quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Q2 in the fourth quarter valued at approximately $32,000.

About Q2

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.