Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,353,156 shares of the technology company's stock after buying an additional 19,520 shares during the quarter. Geode Capital Management LLC owned 2.24% of Q2 worth $107,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after buying an additional 336 shares in the last quarter. CWM LLC boosted its holdings in 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 purchasing an additional 169 shares during the period. International Assets Investment Management LLC grew its stake in Q2 by 7,878.3% during the 3rd 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. increased its holdings 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 purchasing an additional 964 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Q2 during the second quarter worth approximately $153,000.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 548 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares of the company's stock, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock valued at $3,061,035 over the last quarter. Corporate insiders own 3.00% of the company's stock.

Q2 Price Performance

Q2 stock traded up $0.72 during mid-day trading on Thursday, reaching $103.06. The company had a trading volume of 746,657 shares, compared to its average volume of 605,888. The stock's 50-day simple moving average is $96.06 and its 200-day simple moving average is $78.28. The company has a market capitalization of $6.22 billion, a P/E ratio of -107.35 and a beta of 1.60. Q2 Holdings, Inc. has a 1 year low of $39.66 and a 1 year high of $112.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Analysts Set New Price Targets

Several equities analysts have commented on QTWO shares. Stephens lifted their target price on Q2 from $75.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Citigroup cut Q2 from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Truist Financial restated a "buy" rating and set a $100.00 target price (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Finally, DA Davidson upped their price target on shares of Q2 from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $95.80.

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.