Insider Selling: Q2 (NYSE:QTWO) General Counsel Sells $77,066.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael Kerr sold 1,550 shares of Q2 stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $49.72, for a total value of $77,066.00. Following the completion of the transaction, the general counsel owned 60,960 shares of the company’s stock, valued at approximately $3,030,931.20. This represents a 2.48% 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 Up 1.5%

Shares of NYSE:QTWO opened at $52.86 on Friday. Q2 Holdings, Inc. has a 52-week low of $46.16 and a 52-week high of $96.68. The business has a fifty day moving average of $60.49 and a two-hundred day moving average of $67.91. The stock has a market cap of $3.30 billion, a P/E ratio of 66.91 and a beta of 1.40.

Institutional Investors Weigh In On Q2

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in shares of Q2 by 18.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after purchasing an additional 154 shares during the last quarter. ANB Bank grew its holdings in shares of Q2 by 7.1% in the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock worth $254,000 after acquiring an additional 179 shares during the period. Hilltop National Bank increased its stake in Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock valued at $150,000 after purchasing an additional 185 shares in the last quarter. California State Teachers Retirement System boosted its position in Q2 by 0.3% during the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after purchasing an additional 194 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Q2 by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company’s stock valued at $662,000 after purchasing an additional 197 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on QTWO. Royal Bank Of Canada cut their price target on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 12th. Truist Financial cut their target price on shares of Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. DA Davidson upgraded shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, February 3rd. Stephens set a $90.00 price target on shares of Q2 in a research report on Friday, January 16th. Finally, Stifel Nicolaus set a $75.00 price objective on Q2 in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.29.

About Q2

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.