Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CFO Sells 42,652 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price sold 42,652 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the transaction, the chief financial officer now directly owns 209,378 shares in the company, valued at approximately $15,571,441.86. The trade was a 16.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Q2 Trading Down 3.2 %

QTWO traded down $2.43 during trading on Thursday, hitting $72.88. The company’s stock had a trading volume of 1,020,150 shares, compared to its average volume of 779,668. The firm’s 50 day moving average price is $90.88 and its 200-day moving average price is $90.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $4.43 billion, a PE ratio of -112.12 and a beta of 1.62. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on QTWO. Royal Bank of Canada raised their price target on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Needham & Company LLC raised their price target on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Raymond James lifted their price objective on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. William Blair Investment Management LLC purchased a new stake in shares of Q2 during the 4th quarter valued at $202,645,000. State Street Corp increased its holdings in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after buying an additional 5,000 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after buying an additional 152,872 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Q2 by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after buying an additional 36,025 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after buying an additional 698,464 shares during the last quarter.

About Q2

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.