Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells $126,920.64 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the transaction, the executive now owns 175,812 shares in the company, valued at $15,626,170.56. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Q2 Stock Performance

Q2 stock opened at $85.62 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $5.33 billion, a P/E ratio of -131.73 and a beta of 1.48. Q2 Holdings, Inc. has a 1-year low of $55.97 and a 1-year high of $112.82. The company’s 50-day moving average is $83.54 and its 200 day moving average is $88.98.

Wall Street Analysts Forecast Growth

QTWO has been the subject of several recent research reports. Wall Street Zen downgraded shares of Q2 from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 8th. Raymond James lowered their target price on Q2 from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their price target on Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Cantor Fitzgerald began coverage on Q2 in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, Royal Bank of Canada dropped their price objective on Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Q2 has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Institutional Trading of Q2

A number of large investors have recently modified their holdings of the company. TCTC Holdings LLC bought a new stake in shares of Q2 in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Q2 in the fourth quarter worth approximately $30,000. NewEdge Advisors LLC lifted its holdings in Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after buying an additional 275 shares during the period. Versant Capital Management Inc bought a new stake in Q2 during the 1st quarter valued at $33,000. Finally, WPG Advisers LLC purchased a new position in shares of Q2 in the 1st quarter valued at $35,000.

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.