Insider Selling: Q2 (NYSE:QTWO) Insider Sells $222,859.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 4,340 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $222,859.00. Following the sale, the insider directly owned 83,738 shares of the company’s stock, valued at $4,299,946.30. This represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, March 5th, Kimberly Anne Rutledge sold 20,948 shares of Q2 stock. The stock was sold at an average price of $51.66, for a total value of $1,082,173.68.
• On Wednesday, March 4th, Kimberly Anne Rutledge sold 19,924 shares of Q2 stock. The shares were sold at an average price of $49.75, for a total value of $991,219.00.
• On Tuesday, March 3rd, Kimberly Anne Rutledge sold 3,905 shares of Q2 stock. The stock was sold at an average price of $49.72, for a total transaction of $194,156.60.

Q2 Stock Down 1.5%

NYSE:QTWO opened at $50.51 on Thursday. The company has a fifty day moving average of $59.18 and a 200-day moving average of $67.33. The firm has a market capitalization of $3.15 billion, a P/E ratio of 63.94 and a beta of 1.40. Q2 Holdings, Inc. has a twelve month low of $46.16 and a twelve month high of $96.68.

Wall Street Analyst Weigh In

QTWO has been the subject of several research analyst reports. Stifel Nicolaus set a $75.00 price target on shares of Q2 in a research note on Thursday, February 12th. Stephens set a $90.00 price objective on shares of Q2 in a research report on Friday, January 16th. Wall Street Zen downgraded Q2 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. dropped their price target on Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, DA Davidson upgraded Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.29.

Hedge Funds Weigh In On Q2

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its holdings in Q2 by 18.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock worth $94,000 after purchasing an additional 154 shares in the last quarter. ANB Bank boosted its position in shares of Q2 by 7.1% during the second quarter. ANB Bank now owns 2,710 shares of the technology company’s stock valued at $254,000 after buying an additional 179 shares during the last quarter. Hilltop National Bank grew its holdings in Q2 by 9.8% during the third quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock worth $150,000 after buying an additional 185 shares in the last quarter. California State Teachers Retirement System raised its position in Q2 by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after buying an additional 194 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in Q2 by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company’s stock valued at $662,000 after acquiring an additional 197 shares in the last quarter.

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.