Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Tremblant Capital Group

Tremblant Capital Group reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 45.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,237 shares of the technology company’s stock after selling 180,841 shares during the quarter. Q2 accounts for approximately 2.3% of Tremblant Capital Group’s portfolio, making the stock its 22nd largest holding. Tremblant Capital Group’s holdings in Q2 were worth $21,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QTWO. Barclays PLC grew its position in shares of Q2 by 104.0% in the third quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock valued at $13,012,000 after purchasing an additional 83,181 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Q2 by 38.6% during the 3rd quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock worth $14,095,000 after purchasing an additional 49,233 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Q2 during the 4th quarter worth approximately $348,000. Dakota Wealth Management increased its stake in shares of Q2 by 189.8% during the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 10,498 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Q2 during the 4th quarter worth approximately $288,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Stephens reissued an “overweight” rating and set a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Truist Financial reissued a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Morgan Stanley raised their price objective on shares of Q2 from $89.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Compass Point reissued a “neutral” rating and set a $60.00 price objective on shares of Q2 in a research note on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $98.80.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 194,255 shares of company stock worth $14,890,846 in the last quarter. 0.31% of the stock is owned by insiders.

Q2 Stock Up 0.8%

QTWO stock opened at $91.00 on Monday. The stock has a market capitalization of $5.67 billion, a P/E ratio of -139.99 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a one year low of $55.97 and a one year high of $112.82. The company has a 50 day moving average price of $79.20 and a two-hundred day moving average price of $90.44.

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.