Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 56,799 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 56,799 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the transaction, the chief executive officer now directly owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. This represents a 11.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Q2 Stock Performance

NYSE QTWO opened at $71.39 on Tuesday. The stock has a market cap of $4.34 billion, a P/E ratio of -109.82 and a beta of 1.62. The company’s 50-day simple moving average is $91.93 and its 200 day simple moving average is $90.26. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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%. As a group, research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Royal Bank of Canada boosted their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a report on Wednesday, December 18th. Finally, Stephens restated an “overweight” rating and set a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.27.

Institutional Trading of Q2

Several large investors have recently added to or reduced their stakes in QTWO. Proficio Capital Partners LLC bought a new stake in Q2 during the fourth quarter worth about $29,000. Quarry LP grew its stake in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Q2 during the fourth quarter worth about $30,000. TCTC Holdings LLC bought a new stake in Q2 during the fourth quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Q2 during the fourth quarter worth about $32,000.

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.