Venturi Wealth Management LLC Purchases 354,524 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Venturi Wealth Management LLC raised its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 139.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 608,721 shares of the technology company's stock after purchasing an additional 354,524 shares during the period. Q2 accounts for 2.5% of Venturi Wealth Management LLC's holdings, making the stock its 7th biggest position. Venturi Wealth Management LLC owned about 1.01% of Q2 worth $48,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of QTWO. BNP Paribas Financial Markets grew its holdings in Q2 by 16.2% in the 1st quarter. BNP Paribas Financial Markets now owns 53,701 shares of the technology company's stock valued at $2,823,000 after buying an additional 7,503 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Q2 in the 1st quarter worth approximately $173,000. Oppenheimer & Co. Inc. acquired a new stake in Q2 in the 1st quarter valued at approximately $1,055,000. Swiss National Bank raised its position in Q2 by 0.5% in the first quarter. Swiss National Bank now owns 115,700 shares of the technology company's stock valued at $6,081,000 after purchasing an additional 600 shares during the period. Finally, Inspire Investing LLC lifted its stake in Q2 by 145.3% during the first quarter. Inspire Investing LLC now owns 24,966 shares of the technology company's stock worth $1,312,000 after purchasing an additional 14,787 shares in the last quarter.

Q2 Stock Performance

Shares of QTWO stock traded down $0.82 during mid-day trading on Monday, hitting $101.92. 704,536 shares of the stock were exchanged, compared to its average volume of 594,251. The stock's fifty day simple moving average is $80.37 and its two-hundred day simple moving average is $69.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.50. Q2 Holdings, Inc. has a 12-month low of $33.17 and a 12-month high of $105.00. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of -106.42 and a beta of 1.58.

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the sale, the executive now directly owns 227,672 shares of the company's stock, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Michael S. Kerr sold 517 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares of the company's stock, valued at approximately $4,331,671.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,963 shares of company stock valued at $3,109,699 over the last quarter. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

QTWO has been the topic of several research reports. BTIG Research increased their target price on Q2 from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Piper Sandler increased their price target on shares of Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday. Citigroup lowered shares of Q2 from a "buy" rating to a "neutral" rating and increased their target price for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Finally, Compass Point boosted their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Q2 has a consensus rating of "Moderate Buy" and an average price target of $91.50.

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.