Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells 15,005 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CRO Michael A. Volanoski sold 15,005 shares of Q2 stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the transaction, the executive now directly owns 197,966 shares of the company's stock, valued at $14,673,239.92. This represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Q2 Trading Up 1.7 %

QTWO stock traded up $1.32 during trading on Monday, hitting $77.19. The company 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. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The business has a 50-day moving average of $89.81 and a 200-day moving average of $90.27. The stock has a market cap of $4.69 billion, a PE ratio of -118.75 and a beta of 1.62.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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%. Research analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

Several equities analysts have commented on QTWO shares. Robert W. Baird reissued a "neutral" rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Stephens restated an "overweight" rating and set a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Raymond James raised their target price on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada upped their price objective on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.27.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. William Blair Investment Management LLC purchased a new stake in Q2 in the 4th quarter valued at about $202,645,000. Massachusetts Financial Services Co. MA grew its stake in shares of Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after acquiring an additional 698,464 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Q2 by 732.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock worth $75,025,000 after acquiring an additional 655,838 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Q2 by 105.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after acquiring an additional 520,649 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Q2 by 893.5% during the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock valued at $47,459,000 after purchasing an additional 424,062 shares during 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.