Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski Sells 1,428 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now directly owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Q2 Stock Performance

Shares of Q2 stock opened at $74.80 on Friday. The firm has a market capitalization of $4.51 billion, a P/E ratio of -55.41 and a beta of 1.58. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. Q2 Holdings, Inc. has a 52 week low of $28.91 and a 52 week high of $75.94. The firm’s 50 day moving average is $69.71 and its two-hundred day moving average is $60.50.

Wall Street Analysts Forecast Growth

QTWO has been the topic of a number of research reports. Royal Bank of Canada increased their target price on shares of Q2 from $60.00 to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Stifel Nicolaus lifted their target price on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial reiterated a “buy” rating and issued a $78.00 price objective (up previously from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Finally, Compass Point began coverage on shares of Q2 in a research note on Wednesday, September 4th. They set a “buy” rating and a $91.00 target price on the stock. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.38.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QTWO. Hood River Capital Management LLC acquired a new position in Q2 during the first quarter worth approximately $62,765,000. American Century Companies Inc. raised its stake in shares of Q2 by 5,990.6% during the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after purchasing an additional 1,190,274 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Q2 by 1,910.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after purchasing an additional 683,957 shares during the period. Norges Bank purchased a new position in Q2 in the 4th quarter valued at $20,470,000. Finally, Wasatch Advisors LP increased its stake in Q2 by 10.8% in the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after buying an additional 398,871 shares during the period.

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.