Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 36,023 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 36,023 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the sale, the chief executive officer now owns 485,666 shares in the company, valued at $39,023,263.10. The trade was a 6.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Q2 Stock Performance

Shares of QTWO traded up $0.78 during midday trading on Wednesday, reaching $82.25. 737,816 shares of the stock were exchanged, compared to its average volume of 641,360. 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 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82. The business’s 50-day moving average price is $86.29 and its 200 day moving average price is $90.90. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of -126.54 and a beta of 1.62.

Q2 (NYSE:QTWO) last posted 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, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QTWO. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Truist Financial reissued a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group cut their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.47.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC bought a new stake in shares of Q2 during the fourth quarter valued at approximately $202,645,000. State Street Corp boosted its position in Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after purchasing an additional 152,872 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Q2 by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after acquiring an additional 36,025 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after buying an additional 698,464 shares during the period.

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.