Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) Insider Sells 1,953 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 1,953 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $65.00, for a total value of $126,945.00. Following the transaction, the insider now owns 115,436 shares of the company’s stock, valued at approximately $7,503,340. The transaction was disclosed in a filing with the SEC, which is available at this link.

Q2 Stock Performance

QTWO stock traded up $4.85 during mid-day trading on Thursday, hitting $65.53. 1,203,236 shares of the company were exchanged, compared to its average volume of 603,822. The business has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $51.66. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $3.94 billion, a PE ratio of -48.43 and a beta of 1.55. Q2 Holdings, Inc. has a 1-year low of $28.91 and a 1-year high of $65.85.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The firm had revenue of $165.51 million during the quarter, compared to the consensus estimate of $163.58 million. On average, equities analysts forecast that Q2 Holdings, Inc. will post -0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QTWO shares. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price (up previously from $40.00) on shares of Q2 in a report on Thursday, May 2nd. Truist Financial restated a “buy” rating and set a $68.00 price objective on shares of Q2 in a research note on Monday, July 1st. The Goldman Sachs Group increased their price objective on shares of Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Stifel Nicolaus increased their price objective on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, DA Davidson increased their price objective on shares of Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. CWM LLC increased its holdings in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares during the period. Natixis Advisors L.P. increased its holdings in shares of Q2 by 1.6% during the fourth quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company’s stock worth $702,000 after purchasing an additional 259 shares during the period. Contravisory Investment Management Inc. increased its holdings in shares of Q2 by 4.4% during the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock worth $377,000 after purchasing an additional 304 shares during the period. Diversified Trust Co increased its stake in Q2 by 2.7% in the fourth quarter. Diversified Trust Co now owns 13,670 shares of the technology company’s stock valued at $593,000 after acquiring an additional 363 shares during the last quarter. Finally, MCF Advisors LLC increased its stake in Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after acquiring an additional 374 shares during the last quarter.

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.