Q2 (NYSE:QTWO) Insider Sells $312,002.60 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider John Breeden sold 6,076 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $51.35, for a total transaction of $312,002.60. Following the transaction, the insider directly owned 84,236 shares in the company, valued at approximately $4,325,518.60. This trade represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Q2 Stock Down 1.5%

Shares of QTWO opened at $50.51 on Thursday. Q2 Holdings, Inc. has a 52-week low of $46.16 and a 52-week high of $96.68. The company has a 50-day simple moving average of $59.18 and a 200-day simple moving average of $67.33. The company has a market capitalization of $3.15 billion, a PE ratio of 63.94 and a beta of 1.40.

Institutional Investors Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors lifted its stake in shares of Q2 by 86.2% during the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after buying an additional 1,454,076 shares during the period. Vanguard Group Inc. grew 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 worth $572,772,000 after acquiring an additional 941,672 shares during the period. North Reef Capital Management LP raised its holdings in Q2 by 101.1% in the 3rd 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 during the last quarter. UBS Group AG lifted its stake in shares of Q2 by 343.5% during the 3rd 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 purchased a new position in shares of Q2 during the 2nd quarter worth $60,466,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on QTWO shares. Truist Financial reduced their price target 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. UBS Group set a $67.00 price target on Q2 in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a report on Thursday, January 22nd. Morgan Stanley set a $68.00 target price on Q2 in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald lowered their target price on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. One research 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. According to MarketBeat, Q2 currently has an average rating of “Moderate Buy” and an average price target of $79.29.

Q2 Company Profile

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.