Insider Selling: Q2 (NYSE:QTWO) Insider Sells $194,156.60 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 3,905 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $49.72, for a total value of $194,156.60. Following the sale, the insider owned 114,452 shares of the company’s stock, valued at $5,690,553.44. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kimberly Anne Rutledge also recently made the following trade(s):

• On Wednesday, March 4th, Kimberly Anne Rutledge sold 19,924 shares of Q2 stock. The shares were sold at an average price of $49.75, for a total value of $991,219.00.

Q2 Price Performance

QTWO opened at $52.86 on Friday. The firm has a market capitalization of $3.30 billion, a PE ratio of 66.91 and a beta of 1.40. The business’s 50-day moving average is $60.49 and its two-hundred day moving average is $67.91. Q2 Holdings, Inc. has a 1 year low of $46.16 and a 1 year high of $96.68.

Wall Street Analysts Forecast Growth

QTWO has been the topic of a number of analyst reports. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, February 3rd. Stephens set a $90.00 target price on shares of Q2 in a research report on Friday, January 16th. Cantor Fitzgerald lowered their target price on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, Zacks Research raised Q2 from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.29.

Institutional Trading of Q2

Institutional investors have recently bought and sold shares of the stock. MidFirst Bank purchased a new stake in Q2 during the 4th quarter worth approximately $200,000. Invesco Ltd. raised its holdings in shares of Q2 by 25.6% in the fourth quarter. Invesco Ltd. now owns 232,072 shares of the technology company’s stock worth $16,746,000 after buying an additional 47,274 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Q2 in the fourth quarter worth $246,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Q2 during the fourth quarter worth $257,000. Finally, State of Tennessee Department of Treasury lifted its stake in shares of Q2 by 1.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 27,424 shares of the technology company’s stock worth $1,979,000 after buying an additional 352 shares during the period.

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.