Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) Director Sells $87,960.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Q2 Stock Performance

QTWO opened at $85.04 on Friday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of -130.83 and a beta of 1.61. The business’s 50-day moving average price is $95.69 and its two-hundred day moving average price is $89.64. Q2 Holdings, Inc. has a 1 year low of $44.74 and a 1 year high of $112.82. 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 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research report on Wednesday, December 18th. Raymond James lifted their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Needham & Company LLC upped their target price on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Truist Financial reissued a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their price target on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.27.

Institutional Trading of Q2

A number of institutional investors have recently made changes to their positions in QTWO. Conestoga Capital Advisors LLC increased its stake in Q2 by 1.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after buying an additional 34,300 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Q2 in the 4th quarter valued at about $202,645,000. State Street Corp increased its position in shares of Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after acquiring an additional 5,000 shares during the last quarter. Capital Research Global Investors raised its holdings in Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after acquiring an additional 152,872 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after purchasing an additional 36,025 shares during the last quarter.

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.