Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Sells $15,200.34 in Stock

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) General Counsel Michael S. Kerr sold 246 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $61.79, for a total value of $15,200.34. Following the transaction, the general counsel now owns 69,147 shares of the company’s stock, valued at approximately $4,272,593.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Q2 Stock Up 3.3 %

NYSE QTWO opened at $63.30 on Friday. Q2 Holdings, Inc. has a one year low of $26.54 and a one year high of $63.50. The stock has a 50-day moving average of $53.57 and a 200 day moving average of $45.05. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.06.

Q2 (NYSE:QTWOGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The company had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. As a group, analysts forecast that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on QTWO shares. DA Davidson upped their price objective on shares of Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. BTIG Research increased their price target on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC lifted their price objective on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group increased their target price on Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada upped their price target on Q2 from $46.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.33.

View Our Latest Analysis on Q2

Institutional Trading of Q2

A number of hedge funds have recently bought and sold shares of QTWO. Nordea Investment Management AB bought a new stake in shares of Q2 during the 4th quarter valued at $1,938,000. Summit Creek Advisors LLC purchased a new stake in Q2 in the fourth quarter worth about $9,170,000. Vanguard Group Inc. increased its position in Q2 by 7.5% in the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock worth $224,368,000 after buying an additional 487,111 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Q2 by 32.0% during the 4th quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock valued at $70,186,000 after buying an additional 391,539 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Q2 by 13.4% during the 3rd quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock valued at $954,000 after acquiring an additional 3,496 shares during the period.

About Q2

(Get Free Report)

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.

Further Reading

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

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