Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 35,723 Shares

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CEO Matthew P. Flake sold 35,723 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $2,647,788.76. Following the completion of the sale, the chief executive officer now directly owns 578,714 shares in the company, valued at $42,894,281.68. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Q2 Stock Up 1.7 %

Shares of Q2 stock traded up $1.32 during trading on Monday, reaching $77.19. The company's stock had a trading volume of 968,834 shares, compared to its average volume of 614,865. The company has a 50-day simple moving average of $89.81 and a two-hundred day simple moving average of $90.27. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -118.75 and a beta of 1.62. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

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, equities analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their target price on Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird reiterated 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. Raymond James raised their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Finally, Stephens reaffirmed an "overweight" rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.27.

Institutional Investors Weigh In On Q2

Institutional investors and hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new position in Q2 in the 4th quarter worth $29,000. Quarry LP lifted 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 worth $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Q2 in the fourth quarter valued at approximately $30,000. TCTC Holdings LLC purchased a new position in Q2 during the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Q2 in the 4th quarter valued at $32,000.

Q2 Company 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.