Q2 (NYSE:QTWO) COO Sells $68,963.05 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) COO Himagiri Mukkamala sold 1,343 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $68,963.05. Following the completion of the sale, the chief operating officer directly owned 92,910 shares of the company’s stock, valued at approximately $4,770,928.50. The trade was a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Q2 Stock Performance

Shares of Q2 stock traded down $0.75 during midday trading on Wednesday, reaching $50.51. 701,838 shares of the company’s stock traded hands, compared to its average volume of 1,101,324. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 63.94 and a beta of 1.40. The company’s 50 day simple moving average is $59.61 and its 200 day simple moving average is $67.44. Q2 Holdings, Inc. has a 52 week low of $46.16 and a 52 week high of $96.68.

Institutional Investors Weigh In On Q2

Several hedge funds and other institutional investors have recently made changes to their positions in QTWO. Headlands Technologies LLC acquired a new position in shares of Q2 during the 2nd quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Q2 in the 3rd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in Q2 in the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in Q2 in the 4th quarter worth approximately $27,000. Finally, Salomon & Ludwin LLC bought a new position in Q2 in the 3rd quarter worth approximately $30,000.

Analyst Upgrades and Downgrades

QTWO has been the topic of several recent research reports. Wall Street Zen lowered Q2 from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research raised Q2 from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. UBS Group set a $67.00 target price on Q2 in a report on Thursday, February 12th. Stifel Nicolaus set a $75.00 target price on Q2 in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $68.00 price target on Q2 in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus price target of $79.29.

About Q2

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.