Q2 Holdings Inc (QTWO) CEO Matthew P. Flake Sells 43,952 Shares of Stock

Q2 Holdings Inc (NYSE:QTWO) CEO Matthew P. Flake sold 43,952 shares of Q2 stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $52.20, for a total value of $2,294,294.40. Following the transaction, the chief executive officer now owns 280,008 shares in the company, valued at approximately $14,616,417.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NYSE QTWO traded down $1.64 during trading on Friday, hitting $49.66. The stock had a trading volume of 5,781 shares, compared to its average volume of 310,605. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -104.60 and a beta of 1.48. The company has a debt-to-equity ratio of 1.13, a quick ratio of 5.62 and a current ratio of 5.62. Q2 Holdings Inc has a 12 month low of $36.25 and a 12 month high of $67.10.

Q2 (NYSE:QTWO) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. The firm had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $60.18 million. Q2 had a negative return on equity of 12.61% and a negative net margin of 12.88%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. On average, equities research analysts forecast that Q2 Holdings Inc will post -0.5 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QTWO. Vanguard Group Inc. raised its stake in shares of Q2 by 32.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,239,978 shares of the technology company’s stock worth $196,181,000 after purchasing an additional 798,614 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Q2 by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock worth $157,519,000 after purchasing an additional 106,651 shares in the last quarter. BlackRock Inc. raised its stake in shares of Q2 by 2.9% during the 3rd quarter. BlackRock Inc. now owns 2,532,671 shares of the technology company’s stock worth $153,353,000 after purchasing an additional 70,315 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Q2 by 18.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,971,546 shares of the technology company’s stock worth $112,477,000 after purchasing an additional 308,155 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Q2 by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,287,343 shares of the technology company’s stock worth $77,949,000 after purchasing an additional 51,252 shares in the last quarter. Hedge funds and other institutional investors own 95.20% of the company’s stock.

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $60.00 price objective on Q2 and gave the company a “hold” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded Q2 from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. JPMorgan Chase & Co. cut their price objective on Q2 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, November 7th. Stephens started coverage on Q2 in a report on Thursday, September 27th. They set an “equal weight” rating and a $70.00 price objective on the stock. Finally, Raymond James boosted their target price on Q2 from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, September 10th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.79.

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About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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