Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,295 shares of the technology company's stock after selling 25,190 shares during the period. Q2 accounts for about 2.3% of Lisanti Capital Growth LLC's portfolio, making the stock its 3rd largest holding. Lisanti Capital Growth LLC owned 0.19% of Q2 worth $9,117,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company's stock valued at $29,000 after buying an additional 169 shares in the last quarter. International Assets Investment Management LLC raised its holdings in 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 worth $146,000 after purchasing an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock worth $148,000 after acquiring an additional 964 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Q2 in the 2nd quarter valued at about $153,000. Finally, Highland Capital Management LLC acquired a new stake in shares of Q2 in the third quarter valued at approximately $208,000.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now owns 227,672 shares in the company, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Q2 news, Director Jeffrey T. Diehl sold 28,005 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the sale, the director now owns 397,702 shares of the company's stock, valued at $29,927,075.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the transaction, the executive now directly owns 227,672 shares in the company, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,963 shares of company stock valued at $3,109,699. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on QTWO shares. The Goldman Sachs Group raised their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley raised their price objective on Q2 from $65.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday. Stephens upped their target price on Q2 from $75.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday. BTIG Research boosted their price objective on Q2 from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Finally, Truist Financial reiterated a "buy" rating and issued a $100.00 target price (up from $78.00) on shares of Q2 in a report on Thursday. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.

Q2 Stock Down 0.4 %

Shares of NYSE:QTWO traded down $0.43 on Monday, reaching $102.31. The company had a trading volume of 463,578 shares, compared to its average volume of 593,146. The stock has a market capitalization of $6.18 billion, a P/E ratio of -106.42 and a beta of 1.58. The stock has a 50-day moving average price of $80.37 and a 200 day moving average price of $69.66. Q2 Holdings, Inc. has a twelve month low of $33.17 and a twelve month high of $105.00. The company has a quick ratio of 2.44, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

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.