Tidal Investments LLC Has $849,000 Position in Q2 Holdings, Inc. (NYSE:QTWO)

Tidal Investments LLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 48.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,646 shares of the technology company’s stock after acquiring an additional 3,486 shares during the quarter. Tidal Investments LLC’s holdings in Q2 were worth $849,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Q2 by 1.4% in the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock worth $1,007,000 after buying an additional 237 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its position in shares of Q2 by 5.5% in the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after buying an additional 288 shares during the last quarter. Quarry LP boosted its stake in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of Q2 by 3.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock valued at $824,000 after acquiring an additional 407 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. DA Davidson raised their target price 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. BTIG Research boosted their target price on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada raised their price target on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.80.

Q2 Trading Up 1.6 %

Shares of Q2 stock opened at $104.69 on Friday. Q2 Holdings, Inc. has a 52-week low of $39.66 and a 52-week high of $112.82. The firm has a market capitalization of $6.32 billion, a PE ratio of -109.05 and a beta of 1.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The company’s fifty day moving average price is $96.99 and its two-hundred day moving average price is $78.76.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares in the company, valued at $23,173,530.52. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the sale, the president now owns 340,903 shares in the company, valued at $36,135,718. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock valued at $3,061,035 over the last quarter. 3.00% of the stock is owned by company insiders.

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.