Insider Selling: Q2 (NYSE:QTWO) CFO Sells $381,849.60 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price sold 7,680 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $49.72, for a total value of $381,849.60. Following the completion of the transaction, the chief financial officer owned 207,545 shares of the company’s stock, valued at $10,319,137.40. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jonathan Price also recently made the following trade(s):

• On Wednesday, March 4th, Jonathan Price sold 32,156 shares of Q2 stock. The stock was sold at an average price of $49.75, for a total value of $1,599,761.00.

Q2 Trading Up 1.5%

QTWO stock opened at $52.86 on Friday. Q2 Holdings, Inc. has a one year low of $46.16 and a one year high of $96.68. The firm has a 50-day moving average of $60.49 and a two-hundred day moving average of $67.91. The firm has a market capitalization of $3.30 billion, a PE ratio of 66.91 and a beta of 1.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Q2 during the 2nd quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Q2 in the 3rd quarter worth approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in Q2 during the third quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Q2 during the fourth quarter valued at approximately $27,000. Finally, Salomon & Ludwin LLC acquired a new position in Q2 during the third quarter valued at approximately $30,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Wall Street Zen lowered Q2 from a “strong-buy” rating to a “buy” rating in a report on Saturday. UBS Group set a $67.00 target price on Q2 in a research report on Thursday, February 12th. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, February 3rd. Finally, Stifel Nicolaus set a $75.00 price objective on Q2 in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and an average price target of $79.29.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.