Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Sells 517 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction dated Wednesday, September 11th. The shares were 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 directly owns 61,130 shares in the company, valued at $4,331,671.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Q2 Price Performance

Shares of NYSE QTWO traded down $0.26 during mid-day trading on Wednesday, reaching $71.27. The company’s stock had a trading volume of 437,737 shares, compared to its average volume of 592,960. The stock has a 50-day moving average of $69.04 and a two-hundred day moving average of $60.14. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market capitalization of $4.30 billion, a P/E ratio of -52.80 and a beta of 1.58. Q2 Holdings, Inc. has a 1-year low of $28.91 and a 1-year high of $75.94.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson downgraded shares of Q2 from a “buy” rating to a “neutral” rating and increased their price target for the stock from $65.00 to $76.00 in a report on Wednesday, July 24th. Truist Financial reissued a “buy” rating and set a $78.00 target price (up previously from $68.00) on shares of Q2 in a report on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 1st. BTIG Research boosted their price objective on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Needham & Company LLC raised their target price on Q2 from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.38.

Institutional Trading of Q2

Hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP grew its position in shares of Q2 by 10.8% in the first quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after purchasing an additional 398,871 shares in the last quarter. Brown Capital Management LLC grew its holdings in Q2 by 0.4% in the 1st quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock valued at $134,850,000 after buying an additional 11,000 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Q2 by 2.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company’s stock worth $137,184,000 after acquiring an additional 54,970 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Q2 by 14.6% in the 1st quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after acquiring an additional 235,582 shares during the last quarter. Finally, Hood River Capital Management LLC raised its holdings in shares of Q2 by 5.7% during the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after acquiring an additional 67,757 shares during the period.

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.