Insider Selling: Q2 (NYSE:QTWO) General Counsel Sells 9,554 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael Kerr sold 9,554 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $51.66, for a total transaction of $493,559.64. Following the transaction, the general counsel directly owned 50,048 shares of the company’s stock, valued at approximately $2,585,479.68. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Q2 Trading Down 0.2%

QTWO traded down $0.10 during trading hours on Monday, hitting $52.75. The company’s stock had a trading volume of 1,108,805 shares, compared to its average volume of 1,123,689. Q2 Holdings, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $96.68. The firm has a market capitalization of $3.29 billion, a PE ratio of 66.78 and a beta of 1.40. The company has a 50-day simple moving average of $60.06 and a 200 day simple moving average of $67.64.

Institutional Trading of Q2

Hedge funds have recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Q2 by 86.2% during the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after purchasing an additional 1,454,076 shares during the period. Vanguard Group Inc. increased its holdings in Q2 by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock valued at $572,772,000 after buying an additional 941,672 shares during the period. North Reef Capital Management LP raised its stake in shares of Q2 by 101.1% in the 3rd quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock valued at $122,339,000 after buying an additional 849,480 shares in the last quarter. UBS Group AG boosted its position in shares of Q2 by 343.5% during the 3rd quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock valued at $73,110,000 after acquiring an additional 782,220 shares in the last quarter. Finally, Norges Bank bought a new stake in Q2 in the second quarter valued at about $60,466,000.

Analyst Ratings Changes

QTWO has been the subject of several research reports. Stifel Nicolaus set a $75.00 price objective on Q2 in a research note on Thursday, February 12th. Royal Bank Of Canada reduced their price objective on Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research note on Thursday, February 12th. Stephens set a $90.00 price objective on shares of Q2 in a research note on Friday, January 16th. DA Davidson upgraded Q2 from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Tuesday, February 3rd. Finally, Truist Financial decreased their target price on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. One research 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. Based on data from MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and a consensus 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.