Q2 (NYSE:QTWO) CFO Jonathan Price Sells 77,180 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price sold 77,180 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $65.71, for a total transaction of $5,071,497.80. Following the transaction, the chief financial officer owned 207,633 shares of the company’s stock, valued at $13,643,564.43. This represents a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Q2 Stock Down 2.4%

Shares of QTWO stock traded down $1.57 on Friday, hitting $64.65. The company had a trading volume of 604,343 shares, compared to its average volume of 1,021,290. The firm has a market cap of $4.03 billion, a P/E ratio of 46.18 and a beta of 1.30. Q2 Holdings, Inc. has a twelve month low of $40.79 and a twelve month high of $85.19. The company has a 50-day moving average price of $52.96 and a 200-day moving average price of $51.26.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The business had revenue of $219.77 million for the quarter, compared to analysts’ expectations of $216.86 million. During the same quarter last year, the company earned $0.18 EPS. The business’s revenue was up 12.6% on a year-over-year basis. Equities research analysts expect that Q2 Holdings, Inc. will post 1.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Q2 from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, June 22nd. Morgan Stanley upped their target price on Q2 from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Robert W. Baird set a $74.00 price target on shares of Q2 in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Needham & Company LLC increased their price objective on shares of Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Q2 during the 2nd quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Q2 in the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Q2 during the fourth quarter worth about $27,000. Root Financial Partners LLC purchased a new stake in Q2 during the 1st quarter valued at about $25,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Q2 by 592.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after acquiring an additional 539 shares in the last quarter.

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.