Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells $4,446,225.72 in Stock

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Q2 Price Performance

NYSE:QTWO opened at $75.25 on Thursday. The stock has a market cap of $4.57 billion, a P/E ratio of -115.76 and a beta of 1.62. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The company has a fifty day moving average price of $90.88 and a 200 day moving average price of $90.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Q2 (NYSE:QTWOGet Free Report) last released its 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 negative net margin of 5.53% and a positive return on equity of 0.85%. Analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on QTWO. Truist Financial reiterated a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Royal Bank of Canada boosted their price objective on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Stephens restated an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.27.

Check Out Our Latest Analysis on Q2

Institutional Investors Weigh In On Q2

Several institutional investors and hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in Q2 in the 4th quarter valued at $202,645,000. State Street Corp increased its holdings in Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares during the period. Capital Research Global Investors increased its holdings in Q2 by 11.2% in the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after buying an additional 152,872 shares during the period. Geode Capital Management LLC increased its holdings in Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after buying an additional 36,025 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings 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 during the period.

About Q2

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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.

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Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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