Q2 Holdings Inc (QTWO) CTO Sells $435,900.39 in Stock

Q2 Holdings Inc (NYSE:QTWO) CTO Adam D. Blue sold 6,333 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $68.83, for a total transaction of $435,900.39. Following the sale, the chief technology officer now owns 75,741 shares of the company’s stock, valued at $5,213,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:QTWO traded down $0.24 during mid-day trading on Thursday, reaching $68.00. The stock had a trading volume of 477,203 shares, compared to its average volume of 379,665. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -183.78 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $72.00.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The business had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $66.77 million. Q2 had a negative net margin of 14.68% and a negative return on equity of 12.18%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. As a group, analysts anticipate that Q2 Holdings Inc will post -0.65 EPS for the current fiscal year.

QTWO has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Q2 from a “neutral” rating to an “overweight” rating and set a $49.92 target price on the stock in a report on Thursday, December 13th. BTIG Research raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, December 19th. Loop Capital set a $67.00 target price on shares of Q2 and gave the stock a “buy” rating in a report on Monday, December 31st. Stephens raised shares of Q2 from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $60.00 to $59.00 in a report on Thursday, January 3rd. Finally, Raymond James raised their target price on shares of Q2 from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Q2 has an average rating of “Buy” and a consensus target price of $67.33.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc increased its stake in Q2 by 32.7% in the third quarter. Vanguard Group Inc now owns 3,239,978 shares of the technology company’s stock valued at $196,181,000 after acquiring an additional 798,614 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Q2 by 32.7% during the third quarter. Vanguard Group Inc. now owns 3,239,978 shares of the technology company’s stock worth $196,181,000 after buying an additional 798,614 shares during the last quarter. BlackRock Inc. grew its stake in shares of Q2 by 5.9% during the fourth quarter. BlackRock Inc. now owns 2,683,111 shares of the technology company’s stock worth $132,948,000 after buying an additional 150,440 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Q2 by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock worth $157,519,000 after buying an additional 106,651 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Q2 by 4.1% during the third quarter. Franklin Resources Inc. now owns 1,287,343 shares of the technology company’s stock worth $77,949,000 after buying an additional 51,252 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

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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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