Insider Selling: Q2 (NYSE:QTWO) COO Sells $89,201.75 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) COO Himagiri Mukkamala sold 1,793 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total value of $89,201.75. Following the sale, the chief operating officer owned 94,253 shares of the company’s stock, valued at approximately $4,689,086.75. The trade was a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Q2 Price Performance

QTWO stock opened at $52.86 on Friday. Q2 Holdings, Inc. has a 12 month low of $46.16 and a 12 month high of $96.68. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 66.91 and a beta of 1.40. The company has a fifty day moving average price of $60.49 and a 200 day moving average price of $67.91.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently bought and sold shares of QTWO. Vanguard Group Inc. grew its stake in Q2 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock worth $576,929,000 after buying an additional 82,827 shares during the period. Capital Research Global Investors grew its stake in shares of Q2 by 86.2% during the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after acquiring an additional 1,454,076 shares in the last quarter. Invesco Ltd. increased its position in shares of Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock worth $262,390,000 after acquiring an additional 128,387 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Q2 by 25.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after purchasing an additional 553,713 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in Q2 by 2.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock valued at $156,221,000 after purchasing an additional 60,016 shares in the last quarter.

Analysts Set New Price Targets

QTWO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Wall Street Zen cut Q2 from a “strong-buy” rating to a “buy” rating in a report on Saturday. Needham & Company LLC dropped their price objective on Q2 from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Stifel Nicolaus set a $75.00 price objective on Q2 in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average price target of $79.29.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.