Matthew P. Flake Sells 36,023 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the sale, the chief executive officer now directly owns 485,666 shares in the company, valued at approximately $39,023,263.10. The trade was a 6.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Q2 Price Performance

Shares of NYSE QTWO traded down $1.38 during mid-day trading on Monday, reaching $68.94. The company's stock had a trading volume of 1,108,786 shares, compared to its average volume of 645,803. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a 52 week low of $49.56 and a 52 week high of $112.82. The stock has a fifty day moving average of $84.71 and a two-hundred day moving average of $90.83. The firm has a market capitalization of $4.19 billion, a PE ratio of -106.05 and a beta of 1.61.

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%. As a group, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the topic of several research analyst reports. Stephens reissued an "overweight" rating and set a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Compass Point reissued a "neutral" rating and issued a $60.00 target price on shares of Q2 in a report on Monday. The Goldman Sachs Group cut their price target on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Stifel Nicolaus upped their price target on shares of Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.33.

Institutional Trading of Q2

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock valued at $133,118,000 after purchasing an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock valued at $2,451,000 after buying an additional 7,475 shares during the last quarter. Nordea Investment Management AB grew its holdings in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after buying an additional 42,433 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Q2 in the 4th quarter worth approximately $288,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Q2 by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after acquiring an additional 10,636 shares in the last quarter.

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.