Insider Selling: Q2 (NYSE:QTWO) Insider Sells 6,105 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider John Breeden sold 6,105 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the sale, the insider owned 149,643 shares in the company, valued at $11,263,628.61. This represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Q2 Stock Performance

Shares of QTWO opened at $75.41 on Thursday. The company’s fifty day moving average is $86.46 and its 200 day moving average is $84.44. Q2 Holdings, Inc. has a fifty-two week low of $63.61 and a fifty-two week high of $112.82. The stock has a market capitalization of $4.71 billion, a PE ratio of 1,508.50 and a beta of 1.47.

Analyst Upgrades and Downgrades

QTWO has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Q2 from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Q2 from $101.00 to $102.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Wall Street Zen lowered shares of Q2 from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 8th. Zacks Research raised shares of Q2 to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Robert W. Baird lifted their price objective on shares of Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and an average target price of $101.06.

Institutional Trading of Q2

Large investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of Q2 during the second quarter valued at $26,000. Versant Capital Management Inc purchased a new stake in shares of Q2 during the first quarter valued at $33,000. WPG Advisers LLC purchased a new stake in shares of Q2 during the first quarter valued at $35,000. NewEdge Advisors LLC boosted its stake in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after purchasing an additional 275 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock valued at $44,000 after purchasing an additional 526 shares during the period.

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.