Q2 Holdings, Inc. (NYSE:QTWO) Director Sells $57,512.60 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 548 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

James Offerdahl also recently made the following trade(s):

• On Wednesday, August 28th, James Offerdahl sold 1,013 shares of Q2 stock. The stock was sold at an average price of $73.97, for a total value of $74,931.61.

Q2 Stock Performance

QTWO stock traded up $0.40 during midday trading on Monday, reaching $106.77. 387,342 shares of the company were exchanged, compared to its average volume of 596,868. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -110.80 and a beta of 1.58. The business has a 50-day moving average price of $86.05 and a two-hundred day moving average price of $72.78. Q2 Holdings, Inc. has a one year low of $34.59 and a one year high of $107.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quarry LP raised its position in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. CWM LLC grew its holdings in shares of Q2 by 54.2% during the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. raised its stake in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after purchasing an additional 964 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Q2 during the second quarter worth about $153,000.

Analyst Ratings Changes

A number of analysts recently commented on QTWO shares. DA Davidson lifted their price objective on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. BTIG Research boosted their price objective on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Needham & Company LLC boosted their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and increased their price target for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Finally, Stifel Nicolaus boosted their price objective on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Q2 has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Q2 Company Profile

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.