Insider Selling: Q2 Holdings, Inc. (QTWO) EVP Sells $431,400.00 in Stock
Q2 Holdings, Inc. (NYSE:QTWO) EVP John E. Breeden sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $43.14, for a total transaction of $431,400.00. Following the completion of the transaction, the executive vice president now directly owns 64,694 shares of the company’s stock, valued at approximately $2,790,899.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Q2 Holdings, Inc. (NYSE QTWO) opened at $42.45 on Monday. Q2 Holdings, Inc. has a twelve month low of $27.80 and a twelve month high of $44.35.
Q2 Holdings (NYSE:QTWO) last released its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Q2 Holdings had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. During the same period in the previous year, the firm earned ($0.24) earnings per share. Q2 Holdings’s revenue was up 30.8% compared to the same quarter last year. analysts forecast that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio grew its holdings in Q2 Holdings by 6.6% in the second quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $299,000 after purchasing an additional 500 shares during the period. Goldman Sachs Group Inc. grew its stake in Q2 Holdings by 1.1% during the second quarter. Goldman Sachs Group Inc. now owns 67,332 shares of the technology company’s stock worth $2,487,000 after buying an additional 701 shares during the period. Ameritas Investment Partners Inc. grew its stake in Q2 Holdings by 38.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after buying an additional 759 shares during the period. Sei Investments Co. grew its stake in Q2 Holdings by 36.9% during the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after buying an additional 959 shares during the period. Finally, Legal & General Group Plc grew its stake in Q2 Holdings by 19.7% during the second quarter. Legal & General Group Plc now owns 7,256 shares of the technology company’s stock worth $269,000 after buying an additional 1,195 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. Morgan Stanley boosted their price objective on shares of Q2 Holdings from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Canaccord Genuity reissued a “hold” rating and issued a $43.00 price objective on shares of Q2 Holdings in a research report on Monday, October 30th. BidaskClub raised shares of Q2 Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Q2 Holdings in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Q2 Holdings presently has an average rating of “Buy” and a consensus target price of $44.90.
About Q2 Holdings
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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