Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC trimmed its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 70.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,193 shares of the technology company’s stock after selling 5,307 shares during the period. Aquatic Capital Management LLC’s holdings in Q2 were worth $221,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after purchasing an additional 42,433 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Q2 in the fourth quarter valued at $288,000. Charles Schwab Investment Management Inc. lifted its position in shares of Q2 by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock valued at $51,036,000 after acquiring an additional 10,636 shares during the last quarter. Dakota Wealth Management boosted 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 acquiring an additional 10,498 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Q2 in the 4th quarter worth $18,271,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on QTWO shares. Raymond James upped their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Truist Financial reaffirmed 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. Stephens restated an “overweight” rating and set a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada raised their price objective on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus cut their target price on shares of Q2 from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Eight investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.60.

Q2 Stock Performance

QTWO stock opened at $80.53 on Friday. The firm has a 50 day moving average of $77.67 and a two-hundred day moving average of $90.14. Q2 Holdings, Inc. has a 12 month low of $55.97 and a 12 month high of $112.82. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -123.89 and a beta of 1.47. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Activity at Q2

In related news, CFO Jonathan Price sold 42,652 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the transaction, the chief financial officer now owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. The trade was a 16.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,858 shares of company stock valued at $14,853,965. Corporate insiders own 3.00% of the company’s stock.

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.