Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Sells 397 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael S. Kerr sold 397 shares of Q2 stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total transaction of $36,881.30. Following the completion of the sale, the general counsel now owns 58,441 shares in the company, valued at $5,429,168.90. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Q2 Stock Performance

Shares of QTWO stock opened at $91.00 on Friday. The company has a market capitalization of $5.67 billion, a price-to-earnings 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. The company has a 50-day simple moving average of $79.20 and a 200 day simple moving average of $90.44. Q2 Holdings, Inc. has a 52 week low of $55.97 and a 52 week high of $112.82.

Q2 (NYSE:QTWO) last announced 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%. On average, sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Institutional Trading of Q2

Several hedge funds and other institutional investors have recently modified their holdings of QTWO. Invesco Ltd. boosted its holdings in Q2 by 2.3% in the 1st quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company’s stock valued at $214,045,000 after purchasing an additional 60,958 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Q2 during the 4th quarter worth approximately $202,645,000. Conestoga Capital Advisors LLC grew its position in shares of Q2 by 1.6% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company’s stock worth $156,651,000 after purchasing an additional 30,480 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Q2 by 28.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock worth $137,948,000 after purchasing an additional 378,394 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after purchasing an additional 152,872 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on QTWO shares. The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Truist Financial reiterated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Needham & Company LLC lowered their price objective on shares of Q2 from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Compass Point restated a “neutral” rating and set a $60.00 price objective on shares of Q2 in a research note on Monday, April 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Q2 from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.80.

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.