Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 56,799 Shares

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CEO Matthew P. Flake sold 56,799 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares of the company's stock, valued at $35,527,299.72. This represents a 11.12 % 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 QTWO traded down $2.43 during mid-day trading on Thursday, hitting $72.88. 1,020,150 shares of the company traded hands, compared to its average volume of 779,668. 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 business has a 50-day moving average of $90.88 and a 200 day moving average of $90.15. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -112.12 and a beta of 1.62.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

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Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. KeyCorp raised Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price for the company in a research report on Wednesday, December 18th. Stifel Nicolaus lifted their price objective on Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stephens restated an "overweight" rating and issued a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th. Finally, Raymond James increased their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.27.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. Proficio Capital Partners LLC bought a new position in shares of Q2 in the 4th quarter valued at about $29,000. Quarry LP lifted its holdings in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after buying an additional 336 shares during the period. SBI Securities Co. Ltd. bought a new position in Q2 in the fourth quarter valued at approximately $30,000. TCTC Holdings LLC acquired a new stake in Q2 during the 4th quarter worth $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 during 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.