Q2 (NYSE:QTWO) General Counsel Michael Kerr Sells 9,554 Shares

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael Kerr sold 9,554 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $51.66, for a total value of $493,559.64. Following the sale, the general counsel directly owned 50,048 shares in the company, valued at $2,585,479.68. This trade represents a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Q2 Trading Down 0.2%

Shares of Q2 stock traded down $0.10 on Monday, hitting $52.75. The stock had a trading volume of 1,108,805 shares, compared to its average volume of 1,123,689. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 66.78 and a beta of 1.40. The company’s 50 day moving average price is $60.06 and its 200 day moving average price is $67.64. Q2 Holdings, Inc. has a 52-week low of $46.16 and a 52-week high of $96.68.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on QTWO. Cantor Fitzgerald lowered their price target on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley set a $68.00 target price on shares of Q2 in a research report on Thursday, February 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research report on Thursday, January 22nd. UBS Group set a $67.00 target price on shares of Q2 in a report on Thursday, February 12th. Finally, Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and an average price target of $79.29.

Institutional Investors Weigh In On Q2

A number of large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Q2 in the second quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Q2 in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Q2 in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new stake in Q2 during the third quarter valued at approximately $27,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Q2 in the 3rd quarter valued at approximately $30,000.

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.