Q2 (NYSE:QTWO) Insider Kimberly Anne Rutledge Sells 3,187 Shares

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.37, for a total transaction of $160,529.19. Following the sale, the insider directly owned 80,551 shares in the company, valued at $4,057,353.87. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, March 9th, Kimberly Anne Rutledge sold 4,340 shares of Q2 stock. The shares were sold at an average price of $51.35, for a total transaction of $222,859.00.
• 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 transaction of $1,082,173.68.
• On Wednesday, March 4th, Kimberly Anne Rutledge sold 19,924 shares of Q2 stock. The stock was 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 shares were sold at an average price of $49.72, for a total value of $194,156.60.

Q2 Price Performance

NYSE QTWO traded down $0.42 during trading on Friday, reaching $48.33. The company’s stock had a trading volume of 755,661 shares, compared to its average volume of 1,085,548. The firm has a fifty day moving average of $58.71 and a 200 day moving average of $67.20. Q2 Holdings, Inc. has a one year low of $46.16 and a one year high of $96.68. The stock has a market capitalization of $3.02 billion, a PE ratio of 61.17 and a beta of 1.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Royal Bank Of Canada dropped their price objective on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a report on Thursday, February 12th. Stifel Nicolaus set a $75.00 target price on Q2 in a research note on Thursday, February 12th. UBS Group set a $67.00 price target on Q2 in a research report on Thursday, February 12th. Finally, Wall Street Zen cut Q2 from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. One equities 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 stock. According to 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

A number of large investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in shares of Q2 during the second quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in Q2 during the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Q2 during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. bought a new stake in Q2 in the 3rd quarter worth $27,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Q2 in the third quarter valued at about $30,000.

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.