3,454 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,454 shares of the technology company's stock, valued at approximately $348,000.

Other institutional investors have also modified their holdings of the company. Perpetual Ltd purchased a new position in Q2 during the 3rd quarter valued at about $80,788,000. Venturi Wealth Management LLC grew its position in Q2 by 139.5% during the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company's stock valued at $48,558,000 after purchasing an additional 354,524 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Q2 in the 2nd quarter valued at approximately $13,490,000. Rockefeller Capital Management L.P. acquired a new position in Q2 in the 3rd quarter valued at approximately $9,847,000. Finally, Pembroke Management LTD lifted its position in Q2 by 77.3% in the 3rd quarter. Pembroke Management LTD now owns 214,638 shares of the technology company's stock worth $17,122,000 after buying an additional 93,582 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird restated a "neutral" rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Stifel Nicolaus boosted their price target on Q2 from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Truist Financial reaffirmed a "buy" rating and set a $100.00 price objective (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Compass Point boosted their target price on shares of Q2 from $91.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC increased their price target on shares of Q2 from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $98.07.

Insider Activity

In related news, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is owned by company insiders.

Q2 Stock Performance

NYSE:QTWO traded down $0.70 during mid-day trading on Friday, hitting $94.00. 503,890 shares of the company's stock traded hands, compared to its average volume of 509,391. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -97.91 and a beta of 1.61. The firm has a 50 day moving average of $101.63 and a two-hundred day moving average of $85.75. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 12 month low of $40.60 and a 12 month high of $112.82.

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.