Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 56,799 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Q2 Stock Performance

QTWO traded down $4.51 during midday trading on Monday, reaching $71.39. The company had a trading volume of 1,434,546 shares, compared to its average volume of 756,505. The business has a 50-day moving average price of $92.51 and a two-hundred day moving average price of $90.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82. The stock has a market cap of $4.34 billion, a PE ratio of -109.82 and a beta of 1.62.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the topic of a number of analyst reports. DA Davidson upped their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. 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 research report on Thursday, February 13th. Citigroup lifted their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Finally, Stephens reiterated an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Q2 has a consensus rating of “Moderate Buy” and an average target price of $105.27.

Institutional Investors Weigh In On Q2

Several large investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in shares of Q2 in the fourth quarter worth about $202,645,000. Massachusetts Financial Services Co. MA grew its stake in Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock valued at $135,449,000 after buying an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Q2 by 732.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after acquiring an additional 655,838 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Q2 by 105.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock worth $101,937,000 after acquiring an additional 520,649 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Q2 by 893.5% in the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock worth $47,459,000 after acquiring an additional 424,062 shares during the period.

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.