Q2 (NYSE:QTWO) CEO Matthew Flake Sells 20,613 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew Flake sold 20,613 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $1,058,477.55. Following the completion of the transaction, the chief executive officer owned 483,202 shares of the company’s stock, valued at approximately $24,812,422.70. The trade was a 4.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Q2 Price Performance

QTWO stock traded down $0.58 on Thursday, reaching $50.68. 32,129 shares of the company traded hands, compared to its average volume of 1,107,443. Q2 Holdings, Inc. has a one year low of $46.16 and a one year high of $96.68. The firm has a fifty day simple moving average of $59.18 and a 200-day simple moving average of $67.33. The company has a market cap of $3.16 billion, a P/E ratio of 64.21 and a beta of 1.40.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on QTWO shares. Cantor Fitzgerald lowered their price target on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Wall Street Zen lowered Q2 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Truist Financial dropped their price target on Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Zacks Research upgraded Q2 from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Stephens set a $90.00 price objective on Q2 in a report on Friday, January 16th. One 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. According to MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus target price of $79.29.

Hedge Funds Weigh In On Q2

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Q2 in the second quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in Q2 in the 3rd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Q2 during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Q2 in the fourth quarter valued at $27,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Q2 during the third quarter worth about $30,000.

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.