Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) Director Sells $450,900.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $50.10, for a total value of $450,900.00. Following the sale, the director now owns 363,754 shares in the company, valued at $18,224,075.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Q2 Stock Up 0.4 %

Shares of NYSE QTWO opened at $50.00 on Monday. The stock has a 50 day moving average price of $48.69 and a 200 day moving average price of $41.77. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -44.25 and a beta of 1.49. Q2 Holdings, Inc. has a 52-week low of $21.21 and a 52-week high of $53.96. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.23 and a current ratio of 2.23.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. Sell-side analysts expect that Q2 Holdings, Inc. will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

QTWO has been the topic of several analyst reports. Piper Sandler boosted their target price on Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group boosted their price objective on shares of Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Truist Financial restated a “buy” rating and issued a $60.00 target price (up previously from $50.00) on shares of Q2 in a report on Friday. Robert W. Baird increased their price objective on shares of Q2 from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, Needham & Company LLC boosted their target price on Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC boosted its stake in shares of Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after purchasing an additional 374 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Q2 during the first quarter worth $49,000. International Assets Investment Management LLC lifted its holdings in Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after buying an additional 878 shares during the period. Arcadia Investment Management Corp MI boosted its position in Q2 by 193.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after acquiring an additional 738 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Q2 by 370.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,243 shares of the technology company’s stock valued at $48,000 after acquiring an additional 979 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.