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

Q2 Holdings, Inc. (NYSE:QTWO) 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:QTWO) 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.

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

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.