Q2 (NYSE:QTWO) General Counsel Sells $356,060.75 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael Kerr sold 7,157 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total transaction of $356,060.75. Following the sale, the general counsel owned 59,602 shares of the company’s stock, valued at approximately $2,965,199.50. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Q2 Trading Up 1.5%

Shares of QTWO stock opened at $52.86 on Friday. Q2 Holdings, Inc. has a 52 week low of $46.16 and a 52 week high of $96.68. The company’s fifty day simple moving average is $60.49 and its 200-day simple moving average is $67.91. The company has a market cap of $3.30 billion, a PE ratio of 66.91 and a beta of 1.40.

Institutional Trading of Q2

Several large investors have recently added to or reduced their stakes in QTWO. Capital Research Global Investors increased 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 941,672 shares in the last quarter. North Reef Capital Management LP lifted 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 worth $122,339,000 after purchasing an additional 849,480 shares during the last quarter. UBS Group AG grew its holdings in Q2 by 343.5% during the third quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock valued at $73,110,000 after purchasing an additional 782,220 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Q2 in the second quarter valued at approximately $60,466,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Stephens set a $90.00 price target on shares of Q2 in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a report on Thursday, January 22nd. Morgan Stanley set a $68.00 price target on Q2 in a report on Thursday, February 12th. Royal Bank Of Canada cut their price objective on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 12th. Finally, Truist Financial reduced their price objective on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.