Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by EAM Global Investors LLC

EAM Global Investors LLC trimmed its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,377 shares of the technology company's stock after selling 8,988 shares during the period. Q2 accounts for about 1.3% of EAM Global Investors LLC's investment portfolio, making the stock its 8th largest position. EAM Global Investors LLC owned approximately 0.12% of Q2 worth $7,285,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in shares of Q2 during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 during the 4th quarter valued at about $30,000. TCTC Holdings LLC bought a new stake in shares of Q2 in the 4th quarter valued at approximately $30,000. Ameliora Wealth Management Ltd. bought a new stake in Q2 in the fourth quarter valued at $32,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Q2 during the 4th quarter worth about $137,000.

Insider Activity at Q2

In related news, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the sale, the chief financial officer now owns 209,378 shares in the company, valued at $15,571,441.86. The trade was a 16.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares of the company's stock, valued at $35,527,299.72. This represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock valued at $14,853,965 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Q2 Price Performance

Shares of NYSE:QTWO traded down $2.92 during trading on Monday, reaching $72.04. 91,261 shares of the company traded hands, compared to its average volume of 650,492. The firm has a market capitalization of $4.37 billion, a PE ratio of -110.83 and a beta of 1.61. Q2 Holdings, Inc. has a 52 week low of $50.04 and a 52 week 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. The company's 50 day moving average is $80.11 and its two-hundred day moving average is $90.38.

Q2 (NYSE:QTWO - Get Free Report) last issued 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%. As a group, sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup lifted their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Raymond James lifted their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Stephens reiterated an "overweight" rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Royal Bank of Canada lifted their target price on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, Truist Financial reiterated a "buy" rating and set a $110.00 price objective (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Q2 presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.33.

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.