Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl Sells 548 Shares

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 548 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Offerdahl also recently made the following trade(s):

• On Wednesday, August 28th, James Offerdahl sold 1,013 shares of Q2 stock. The stock was sold at an average price of $73.97, for a total value of $74,931.61.

Q2 Stock Up 0.9 %

Shares of Q2 stock opened at $107.36 on Tuesday. Q2 Holdings, Inc. has a 1 year low of $34.59 and a 1 year high of $107.96. The company has a market cap of $6.48 billion, a P/E ratio of -111.83 and a beta of 1.58. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $86.05 and a 200 day moving average price of $72.78.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial reissued a “buy” rating and issued a $100.00 price objective (up previously from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Piper Sandler boosted their price target on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley raised their price objective on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Finally, Royal Bank of Canada raised their target price on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Institutional Trading of Q2

Hedge funds have recently made changes to their positions in the stock. Quarry LP grew its position in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. CWM LLC boosted its stake in shares of Q2 by 54.2% during the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after buying an additional 169 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Q2 during the second quarter worth $153,000.

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.