Q2 Holdings Inc (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $35.89, for a total transaction of $35,890.00. Following the transaction, the director now directly owns 6,043 shares of the company’s stock, valued at $216,883.27. The sale was disclosed in a document filed with the SEC, which is available through this link.

Q2 Holdings Inc (NYSE:QTWO) traded up 0.83% on Tuesday, hitting $36.50. 118,034 shares of the stock traded hands. The stock has a 50-day moving average of $35.55 and a 200-day moving average of $31.79. The firm’s market cap is $1.48 billion. Q2 Holdings Inc has a 12-month low of $21.81 and a 12-month high of $37.58.

Insider Buying and Selling by Quarter for Q2 Holdings (NYSE:QTWO)

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Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Q2 Holdings by 37.5% in the fourth quarter. Macquarie Group Ltd. now owns 377,492 shares of the technology company’s stock worth $10,891,000 after buying an additional 102,941 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Q2 Holdings during the fourth quarter worth $235,000. Teachers Advisors LLC boosted its stake in shares of Q2 Holdings by 13.3% in the fourth quarter. Teachers Advisors LLC now owns 46,352 shares of the technology company’s stock worth $1,337,000 after buying an additional 5,426 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Q2 Holdings by 17.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 349,805 shares of the technology company’s stock worth $10,092,000 after buying an additional 52,450 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Q2 Holdings during the fourth quarter worth $1,807,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

QTWO has been the subject of several research reports. Craig Hallum set a $45.00 price target on shares of Q2 Holdings and gave the company a “buy” rating in a report on Friday, February 17th. Needham & Company LLC lifted their price target on shares of Q2 Holdings from $34.00 to $42.00 and gave the company a “buy” rating in a report on Friday, February 17th. Canaccord Genuity reaffirmed a “buy” rating on shares of Q2 Holdings in a report on Thursday, February 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 price target on shares of Q2 Holdings in a report on Wednesday, February 15th. Finally, Loop Capital initiated coverage on shares of Q2 Holdings in a report on Tuesday, January 10th. They issued a “buy” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.50.

Q2 Holdings Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

5 Day Chart for NYSE:QTWO

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