Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells $105,581.30 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 1,166 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $90.55, for a total transaction of $105,581.30. Following the transaction, the executive now owns 177,240 shares of the company’s stock, valued at approximately $16,049,082. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Q2 Stock Performance

NYSE QTWO opened at $85.62 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 year high of $112.82. The company has a market capitalization of $5.33 billion, a PE ratio of -131.73 and a beta of 1.48. The company has a fifty day moving average of $83.20 and a two-hundred day moving average of $89.34.

Hedge Funds Weigh In On Q2

Large investors have recently bought and sold shares of the stock. TCTC Holdings LLC acquired a new stake in shares of Q2 during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 during the fourth quarter worth about $30,000. NewEdge Advisors LLC boosted its stake in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after buying an additional 275 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Q2 during the first quarter worth about $33,000. Finally, WPG Advisers LLC acquired a new stake in shares of Q2 during the first quarter worth about $35,000.

Analysts Set New Price Targets

A number of brokerages recently commented on QTWO. Royal Bank of Canada lowered their target price on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their target price 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. Morgan Stanley boosted their target price 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. Needham & Company LLC lowered their target price on shares of Q2 from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Q2 from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and an average price target of $99.50.

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.