Matthew P. Flake Sells 35,723 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 35,723 shares of the company’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 $2,647,788.76. Following the sale, the chief executive officer now owns 578,714 shares of the company’s stock, valued at $42,894,281.68. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Q2 Stock Up 3.9 %

Shares of QTWO opened at $75.89 on Friday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62. 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 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. The company has a 50-day moving average price of $89.81 and a two-hundred day moving average price of $90.04.

Q2 (NYSE:QTWO) last announced its quarterly earnings results 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

QTWO has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Needham & Company LLC upped their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Truist Financial restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Finally, KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC acquired a new stake in shares of Q2 during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 during the fourth quarter worth approximately $30,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 during the fourth quarter worth approximately $32,000. Quarry LP increased its holdings in shares of 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 in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after buying an additional 275 shares in the last quarter.

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.