Alpha DNA Investment Management LLC Buys 4,899 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Alpha DNA Investment Management LLC grew its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 24,495.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,919 shares of the technology company’s stock after purchasing an additional 4,899 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Q2 were worth $492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QTWO. Alliancebernstein L.P. grew its stake in shares of Q2 by 946.6% in the fourth quarter. Alliancebernstein L.P. now owns 777,229 shares of the technology company’s stock valued at $98,343,000 after acquiring an additional 702,969 shares in the last quarter. Norges Bank acquired a new position in shares of Q2 in the fourth quarter valued at about $84,926,000. Victory Capital Management Inc. grew its stake in shares of Q2 by 44.5% in the first quarter. Victory Capital Management Inc. now owns 600,468 shares of the technology company’s stock valued at $60,167,000 after acquiring an additional 184,828 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Q2 in the first quarter valued at about $15,030,000. Finally, Artisan Partners Limited Partnership grew its stake in shares of Q2 by 5.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,108,526 shares of the technology company’s stock valued at $266,792,000 after acquiring an additional 116,190 shares in the last quarter.

Shares of NYSE QTWO opened at $97.62 on Friday. The firm has a 50 day simple moving average of $98.76. The company has a market cap of $5.50 billion, a price-to-earnings ratio of -40.51 and a beta of 1.50. Q2 Holdings, Inc. has a 1 year low of $76.20 and a 1 year high of $148.56. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.89.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, May 5th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $116.52 million during the quarter, compared to analyst estimates of $115.39 million. Q2 had a negative net margin of 30.26% and a negative return on equity of 5.25%. Analysts predict that Q2 Holdings, Inc. will post -0.71 EPS for the current year.

In other Q2 news, Director James Offerdahl sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 21st. The shares were sold at an average price of $94.62, for a total transaction of $47,310.00. Following the completion of the transaction, the director now owns 8,364 shares in the company, valued at approximately $791,401.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 15,679 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $112.27, for a total transaction of $1,760,281.33. Following the transaction, the chief executive officer now owns 216,652 shares of the company’s stock, valued at approximately $24,323,520.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,086 shares of company stock valued at $3,892,405. 9.00% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on the stock. Canaccord Genuity increased their price objective on shares of Q2 from $116.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, February 23rd. Piper Sandler increased their price objective on shares of Q2 from $129.00 to $131.00 and gave the stock an “overweight” rating in a research note on Friday, May 7th. KeyCorp increased their price objective on shares of Q2 from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, February 19th. Zacks Investment Research upgraded shares of Q2 from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 4th. Finally, DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $128.00 to $114.00 in a report on Thursday, May 13th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Q2 currently has a consensus rating of “Buy” and an average target price of $131.83.

Q2 Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered integrated person-to-person payments solution.

Read More: Why do earnings reports matter?

Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.