Q2 Holdings Inc. (NYSE:QTWO) SVP Lorrie Schultz sold 1,625 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $29.62, for a total value of $48,132.50. Following the completion of the transaction, the senior vice president now directly owns 15,200 shares in the company, valued at $450,224. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Lorrie Schultz also recently made the following trade(s):

  • On Monday, September 12th, Lorrie Schultz sold 875 shares of Q2 Holdings stock. The shares were sold at an average price of $28.20, for a total value of $24,675.00.

Q2 Holdings Inc. (NYSE:QTWO) opened at 29.90 on Friday. The firm has a 50-day moving average of $28.44 and a 200 day moving average of $27.28. The stock’s market cap is $1.20 billion. Q2 Holdings Inc. has a 12 month low of $16.43 and a 12 month high of $30.73.

Q2 Holdings (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.15. Q2 Holdings had a negative return on equity of 24.27% and a negative net margin of 26.91%. The business earned $38.30 million during the quarter, compared to analyst estimates of $38.09 million. Q2 Holdings’s quarterly revenue was up 36.8% compared to the same quarter last year. Analysts anticipate that Q2 Holdings Inc. will post ($0.34) EPS for the current year.

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

QTWO has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target on shares of Q2 Holdings in a research report on Monday, August 29th. Canaccord Genuity reissued a “buy” rating on shares of Q2 Holdings in a research note on Thursday, November 3rd. BTIG Research reissued a “buy” rating and set a $32.00 target price on shares of Q2 Holdings in a research note on Thursday, August 4th. Morgan Stanley initiated coverage on shares of Q2 Holdings in a research note on Monday, July 25th. They issued an “equal weight” rating and a $29.00 price target on the stock. Finally, Zacks Investment Research raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $30.78.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of Q2 Holdings by 85.0% in the third quarter. Wells Fargo & Company MN now owns 3,258,617 shares of the company’s stock valued at $93,392,000 after buying an additional 1,497,182 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Q2 Holdings by 91.0% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,537,661 shares of the company’s stock valued at $44,069,000 after buying an additional 732,413 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its stake in Q2 Holdings by 119.8% in the second quarter. Columbia Wanger Asset Management LLC now owns 689,760 shares of the company’s stock valued at $19,327,000 after buying an additional 375,988 shares in the last quarter. Stephens Investment Management Group LLC bought a new stake in Q2 Holdings during the third quarter valued at approximately $8,943,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Q2 Holdings during the second quarter valued at approximately $8,232,000. Institutional investors own 89.21% of the company’s stock.

About Q2 Holdings

Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.

5 Day Chart for NYSE:QTWO

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