Q2 (NYSE:QTWO) CEO Sells $1,058,477.55 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew Flake sold 20,613 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $1,058,477.55. Following the completion of the sale, the chief executive officer owned 483,202 shares of the company’s stock, valued at $24,812,422.70. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Q2 Trading Down 0.9%

QTWO opened at $48.33 on Friday. The stock’s 50 day simple moving average is $58.29 and its 200-day simple moving average is $67.00. The stock has a market cap of $3.02 billion, a PE ratio of 61.17 and a beta of 1.40. Q2 Holdings, Inc. has a 1 year low of $46.16 and a 1 year high of $96.68.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QTWO. Truist Financial dropped their price objective on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada decreased their target price on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 12th. Wall Street Zen cut shares of Q2 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. UBS Group set a $67.00 price target on shares of Q2 in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald cut their price target 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. One investment 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. According to MarketBeat, Q2 currently has an average rating of “Moderate Buy” and an average target price of $79.29.

Hedge Funds Weigh In On Q2

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

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.