Q2 (NYSE:QTWO) Insider Sells $1,082,173.68 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 20,948 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $51.66, for a total transaction of $1,082,173.68. Following the transaction, the insider directly owned 88,078 shares in the company, valued at approximately $4,550,109.48. The trade was a 19.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kimberly Anne Rutledge also recently made the following trade(s):

• On Monday, March 9th, Kimberly Anne Rutledge sold 4,340 shares of Q2 stock. The shares were sold at an average price of $51.35, for a total transaction of $222,859.00.
• On Wednesday, March 4th, Kimberly Anne Rutledge sold 19,924 shares of Q2 stock. The stock was sold at an average price of $49.75, for a total transaction of $991,219.00.
• On Tuesday, March 3rd, Kimberly Anne Rutledge sold 3,905 shares of Q2 stock. The shares were sold at an average price of $49.72, for a total transaction of $194,156.60.

Q2 Price Performance

Shares of NYSE QTWO traded down $0.10 during mid-day trading on Monday, reaching $52.75. 1,108,805 shares of the company traded hands, compared to its average volume of 1,123,689. The stock has a fifty day simple moving average of $60.06 and a 200-day simple moving average of $67.64. Q2 Holdings, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $96.68. The firm has a market cap of $3.29 billion, a PE ratio of 66.78 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reduced their price objective on shares of Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Cantor Fitzgerald decreased their price objective on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research note on Thursday, January 22nd. Truist Financial dropped their target price on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada decreased their price objective on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.29.

Hedge Funds Weigh In On Q2

Several hedge funds have recently made changes to their positions in the business. Capital Research Global Investors raised its stake in shares of Q2 by 86.2% during the 4th quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock worth $226,658,000 after purchasing an additional 1,454,076 shares in the last quarter. Vanguard Group Inc. boosted its stake in Q2 by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock valued at $572,772,000 after purchasing an additional 941,672 shares during the period. North Reef Capital Management LP grew its stake in shares of Q2 by 101.1% in the third quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock valued at $122,339,000 after acquiring an additional 849,480 shares in the last quarter. UBS Group AG increased its holdings in shares of Q2 by 343.5% during the third quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock worth $73,110,000 after purchasing an additional 782,220 shares during the period. Finally, Norges Bank acquired a new position in Q2 in the 2nd quarter valued at $60,466,000.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.