Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 35,723 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 35,723 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $2,647,788.76. Following the transaction, the chief executive officer now owns 578,714 shares of the company’s stock, valued at approximately $42,894,281.68. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Q2 Stock Down 3.2 %

Q2 stock opened at $72.88 on Friday. The stock’s fifty day moving average is $90.35 and its two-hundred day moving average is $90.03. The stock has a market cap of $4.43 billion, a PE ratio of -112.12 and a beta of 1.62. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. 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:QTWO) last issued its earnings results 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 positive return on equity of 0.85% and a negative net margin of 5.53%. On average, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on QTWO shares. KeyCorp raised 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. Truist Financial reaffirmed a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 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 report on Friday, January 10th. Citigroup upped their price target on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC lifted their price objective on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.27.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Versor Investments LP purchased a new stake in Q2 in the third quarter valued at $590,000. State Street Corp increased its position in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Q2 by 32.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after purchasing an additional 7,475 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Q2 by 61.8% in the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after purchasing an additional 42,433 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Q2 during the 3rd quarter worth approximately $1,227,000.

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.