Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells 4,178 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the transaction, the executive now directly owns 223,494 shares in the company, valued at approximately $23,690,364. This trade represents a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Q2 Stock Performance

QTWO stock traded down $1.07 on Thursday, reaching $105.92. 392,600 shares of the company were exchanged, compared to its average volume of 604,891. The firm has a market capitalization of $6.40 billion, a PE ratio of -110.76 and a beta of 1.60. Q2 Holdings, Inc. has a 12 month low of $38.04 and a 12 month high of $112.82. The stock’s fifty day moving average price is $93.55 and its 200 day moving average price is $76.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Compass Point upped their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and issued a $100.00 target price (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Q2 has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after acquiring an additional 169 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Q2 by 1.4% during the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock valued at $1,007,000 after purchasing an additional 237 shares during the period. Parallax Volatility Advisers L.P. raised its stake in shares of Q2 by 5.5% in the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock valued at $443,000 after purchasing an additional 288 shares in the last quarter. Quarry LP lifted its position in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Q2 by 3.1% during the second quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock worth $824,000 after buying an additional 407 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.