Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells 35,723 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 35,723 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 578,714 shares of the company’s stock, valued at approximately $42,894,281.68. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Q2 Stock Performance

Shares of QTWO opened at $75.89 on Friday. The company’s fifty day moving average is $89.81 and its 200-day moving average is $90.15. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. The firm 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 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate 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 expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QTWO. Principal Financial Group Inc. grew its stake in Q2 by 38.6% in the 3rd quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock valued at $14,095,000 after buying an additional 49,233 shares during the last quarter. Versor Investments LP acquired a new position in Q2 in the 3rd quarter valued at $590,000. Chase Investment Counsel Corp grew its stake in Q2 by 4.2% in the 3rd quarter. Chase Investment Counsel Corp now owns 48,365 shares of the technology company’s stock valued at $3,858,000 after buying an additional 1,951 shares during the last quarter. Parametrica Management Ltd acquired a new position in Q2 in the 3rd quarter valued at $236,000. Finally, Natixis Advisors LLC grew its stake in Q2 by 4.5% in the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock valued at $1,391,000 after buying an additional 744 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on QTWO shares. Royal Bank of Canada upped their price target on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Truist Financial restated a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird restated a “neutral” rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.27.

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.