Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by abrdn plc

abrdn plc decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 298,864 shares of the technology company's stock after selling 118,358 shares during the period. abrdn plc owned approximately 0.49% of Q2 worth $30,105,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of Q2 by 988.2% in the third 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. CWM LLC grew its holdings in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company's stock worth $115,000 after acquiring an additional 961 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock valued at $146,000 after buying an additional 1,812 shares during the period. Asset Management One Co. Ltd. raised its stake in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock worth $148,000 after buying an additional 964 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Q2 during the fourth quarter valued at $191,000.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction of $543,652.76. Following the transaction, the executive now owns 218,371 shares in the company, valued at approximately $23,173,530.52. This trade represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Offerdahl sold 548 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares of the company's stock, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is currently owned by insiders.

Q2 Stock Down 2.2 %

Q2 stock traded down $2.09 during midday trading on Friday, reaching $93.65. The stock had a trading volume of 550,225 shares, compared to its average volume of 594,098. The company has a fifty day moving average of $99.95 and a 200 day moving average of $87.43. Q2 Holdings, Inc. has a 52-week low of $41.23 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Analyst Upgrades and Downgrades

Several analysts recently commented on QTWO shares. Robert W. Baird reissued a "neutral" rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Baird R W cut Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Citigroup downgraded shares of Q2 from a "buy" rating to a "neutral" rating and raised their price objective for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Morgan Stanley boosted their price target on Q2 from $65.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on Q2 from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $98.07.

Q2 Profile

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.