Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells $1,112,170.60 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 15,005 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the sale, the executive now owns 197,966 shares of the company’s stock, valued at approximately $14,673,239.92. The trade was a 7.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Q2 Trading Down 3.2 %

Shares of Q2 stock traded down $2.43 on Thursday, reaching $72.88. 1,020,150 shares of the company were exchanged, compared to its average volume of 779,668. The stock has a fifty day moving average price of $90.88 and a 200-day moving average price of $90.15. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of -112.12 and a beta of 1.62. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 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%. On average, analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on QTWO shares. Citigroup upped their price objective on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Robert W. Baird restated a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Finally, Royal Bank of Canada lifted their price target on 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 issued a buy rating to the stock. According to MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and an average price target of $105.27.

Institutional Investors Weigh In On Q2

Institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in Q2 during the fourth quarter worth about $29,000. Quarry LP grew its position in Q2 by 988.2% in 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. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 in the 4th quarter valued at approximately $30,000. TCTC Holdings LLC acquired a new position in shares of Q2 in the fourth quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 in the fourth quarter valued at 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.