Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells $1,112,170.60 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 15,005 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $1,112,170.60. Following the sale, the executive now owns 197,966 shares of the company’s stock, valued at approximately $14,673,239.92. The trade was a 7.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Q2 Trading Up 3.9 %

Shares of Q2 stock opened at $75.89 on Friday. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82. The stock has a market capitalization of $4.61 billion, a P/E ratio of -116.76 and a beta of 1.62. The company has a 50-day simple moving average of $89.81 and a 200 day simple moving average of $90.15. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last posted its quarterly earnings data 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Versor Investments LP bought a new position in shares of Q2 in the 3rd quarter valued at about $590,000. State Street Corp boosted its stake in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after acquiring an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Q2 by 32.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock worth $2,451,000 after acquiring an additional 7,475 shares during the period. Nordea Investment Management AB raised its position in shares of Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after acquiring an additional 42,433 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Q2 in the 3rd quarter valued at $1,227,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup upped their price target on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Stephens restated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Raymond James upped their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus upped their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Truist Financial reissued a “buy” rating and set 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.27.

Q2 Company Profile

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.