Insider Selling: Q2 Holdings, Inc. (QTWO) EVP Sells 10,000 Shares of Stock
Q2 Holdings, Inc. (NYSE:QTWO) EVP John E. Breeden sold 10,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $43.14, for a total value of $431,400.00. Following the transaction, the executive vice president now owns 64,694 shares in the company, valued at approximately $2,790,899.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Q2 Holdings, Inc. (NYSE:QTWO) traded down $1.55 on Friday, reaching $42.45. The company’s stock had a trading volume of 343,822 shares, compared to its average volume of 222,912. Q2 Holdings, Inc. has a 52-week low of $27.80 and a 52-week high of $44.35.
Q2 Holdings (NYSE:QTWO) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $50.10 million for the quarter, compared to the consensus estimate of $50.05 million. Q2 Holdings had a negative return on equity of 20.50% and a negative net margin of 15.27%. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS. equities analysts anticipate that Q2 Holdings, Inc. will post -0.49 earnings per share for the current fiscal year.
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A number of equities analysts have commented on QTWO shares. Canaccord Genuity restated a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Q2 Holdings in a research note on Wednesday, September 13th. Finally, BidaskClub upgraded Q2 Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.90.
A number of institutional investors and hedge funds have recently made changes to their positions in QTWO. Franklin Resources Inc. lifted its holdings in Q2 Holdings by 55.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after buying an additional 536,772 shares during the period. Emerald Advisers Inc. PA acquired a new position in shares of Q2 Holdings in the 3rd quarter valued at about $15,520,000. Penn Capital Management Co. Inc. lifted its stake in shares of Q2 Holdings by 3,059.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock valued at $11,243,000 after purchasing an additional 294,207 shares during the period. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Q2 Holdings by 371.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 305,361 shares of the technology company’s stock valued at $12,718,000 after purchasing an additional 240,645 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Q2 Holdings by 6.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock valued at $108,759,000 after purchasing an additional 190,171 shares during the period. 92.19% of the stock is currently owned by hedge funds and other institutional investors.
About Q2 Holdings
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.
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