Q2 Holdings, Inc. (NYSE:QTWO) CFO Sells $3,172,029.24 in Stock

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

Q2 Trading Up 3.9 %

QTWO stock opened at $75.89 on Friday. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The firm has a market cap of $4.61 billion, a P/E ratio of -116.76 and a beta of 1.62. The business’s 50 day moving average is $89.81 and its 200-day moving average is $90.15. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

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

Analyst Ratings Changes

Several research analysts have recently commented on QTWO shares. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research report on Wednesday, December 18th. Truist Financial reiterated a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Raymond James lifted their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their target price on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new position in Q2 during the 4th quarter worth $202,645,000. State Street Corp lifted its holdings in 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 in the last quarter. Capital Research Global Investors lifted its holdings in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in 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 in 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.