Wealthfront Advisers LLC Buys Shares of 93,063 Q2 Holdings, Inc. (NYSE:QTWO)

Wealthfront Advisers LLC bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 93,063 shares of the technology company's stock, valued at approximately $9,367,000. Wealthfront Advisers LLC owned approximately 0.15% of Q2 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of Q2 during the 4th quarter worth $29,000. Quarry LP grew its holdings in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Q2 during the 4th quarter worth $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 during the 4th quarter worth $32,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Q2 during the 4th quarter worth $179,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Stephens reissued an "overweight" rating and set a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th. Truist Financial reissued a "buy" rating and set a $110.00 target price (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Needham & Company LLC increased their target price on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Robert W. Baird reissued a "neutral" rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Q2 has an average rating of "Moderate Buy" and a consensus price target of $105.27.

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Q2 Price Performance

QTWO stock opened at $75.25 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $4.57 billion, a P/E ratio of -115.76 and a beta of 1.62. The business's 50-day moving average is $90.88 and its two-hundred day moving average is $90.15. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 5.53% and a positive return on equity of 0.85%. Analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

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.

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