Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,984 shares of the technology company's stock after selling 73,378 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.21% of Q2 worth $12,882,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quarry LP increased its holdings in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in Q2 in the 4th quarter worth approximately $32,000. CWM LLC increased 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 buying an additional 961 shares during the period. International Assets Investment Management LLC increased its holdings in Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock worth $146,000 after buying an additional 1,812 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in Q2 by 108.1% in the 3rd 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 during the period.

Q2 Price Performance

Shares of NYSE:QTWO traded down $2.86 during midday trading on Friday, reaching $87.84. 1,083,272 shares of the company's stock traded hands, compared to its average volume of 690,979. Q2 Holdings, Inc. has a 1 year low of $43.55 and a 1 year high of $112.82. The company has a market cap of $5.33 billion, a P/E ratio of -135.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day simple moving average of $97.14 and a two-hundred day simple moving average of $88.95.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Raymond James increased their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Stifel Nicolaus increased their price target on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Truist Financial reiterated 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. Stephens restated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Finally, Piper Sandler upped their price objective on Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.13.

Insider Buying and Selling at Q2

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the transaction, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the transaction, the executive now owns 223,494 shares in the company, valued at $23,690,364. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,288 shares of company stock worth $3,003,523. Corporate insiders own 3.00% of the company's stock.

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.