Rockefeller Capital Management L.P. Buys Shares of 123,442 Q2 Holdings, Inc. (NYSE:QTWO)

Rockefeller Capital Management L.P. acquired a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 123,442 shares of the technology company's stock, valued at approximately $9,847,000. Rockefeller Capital Management L.P. owned 0.20% of Q2 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Q2 by 67.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company's stock valued at $2,908,000 after purchasing an additional 22,400 shares during the period. CWM LLC boosted its position 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 buying an additional 169 shares during the last quarter. SG Americas Securities LLC boosted its position in Q2 by 1,371.6% in the second quarter. SG Americas Securities LLC now owns 48,400 shares of the technology company's stock valued at $2,920,000 after buying an additional 45,111 shares during the last quarter. Raymond James & Associates boosted its position in Q2 by 2.3% in the 2nd quarter. Raymond James & Associates now owns 109,159 shares of the technology company's stock worth $6,586,000 after purchasing an additional 2,467 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its position in shares of Q2 by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company's stock valued at $406,000 after buying an additional 591 shares in the last quarter.

Q2 Trading Up 0.9 %

Shares of Q2 stock traded up $0.93 during trading hours on Wednesday, reaching $110.12. The stock had a trading volume of 854,341 shares, compared to its average volume of 603,514. Q2 Holdings, Inc. has a 1 year low of $36.93 and a 1 year high of $112.82. The firm has a 50 day simple moving average of $90.00 and a two-hundred day simple moving average of $74.96. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of -113.73 and a beta of 1.60.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Citigroup cut Q2 from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Piper Sandler raised their target price on Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. BTIG Research lifted their price target on Q2 from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Finally, Needham & Company LLC upped their price target on Q2 from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now owns 227,672 shares of the company's stock, valued at approximately $16,376,446.96. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now owns 61,130 shares in the company, valued at $4,331,671.80. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,493 shares of company stock worth $196,863. 3.00% of the stock is currently owned by corporate insiders.

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.