Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price Sells 42,652 Shares

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CFO Jonathan Price sold 42,652 shares of Q2 stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the completion of the transaction, the chief financial officer now directly owns 209,378 shares of the company's stock, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Q2 Price Performance

Q2 stock traded up $1.32 during mid-day trading on Monday, hitting $77.19. The stock had a trading volume of 968,834 shares, compared to its average volume of 614,865. 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 firm's 50 day moving average is $89.81 and its 200 day moving average is $90.27. The firm has a market capitalization of $4.69 billion, a P/E ratio of -118.75 and a beta of 1.62. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS 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%. On average, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

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Analyst Ratings Changes

QTWO has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Raymond James boosted their target price on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price target on the stock in a report on Wednesday, December 18th. Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Stephens reaffirmed an "overweight" rating and issued a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $105.27.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in shares of Q2 during the 4th quarter worth approximately $191,000. Invst LLC bought a new position in Q2 during the fourth quarter valued at $415,000. Public Employees Retirement System of Ohio purchased a new position in shares of Q2 in the 4th quarter worth $140,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Q2 by 66.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,409 shares of the technology company's stock worth $18,058,000 after buying an additional 71,440 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Q2 in the 4th quarter valued at about $530,000.

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.