Q2 Holdings, Inc. (NYSE:QTWO) EVP Jonathan Price Sells 11,000 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $60.00, for a total value of $660,000.00. Following the completion of the transaction, the executive vice president now directly owns 226,079 shares of the company’s stock, valued at approximately $13,564,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Q2 Price Performance

Shares of Q2 stock opened at $60.51 on Friday. The business has a 50-day simple moving average of $59.15 and a 200 day simple moving average of $50.36. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06. Q2 Holdings, Inc. has a one year low of $28.91 and a one year high of $64.17.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The company had revenue of $165.51 million for the quarter, compared to analysts’ expectations of $163.58 million. As a group, analysts anticipate that Q2 Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective (up from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. Needham & Company LLC upped their price objective on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Robert W. Baird boosted their target price on Q2 from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. DA Davidson raised their price target on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Piper Sandler increased their price objective on shares of Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.53.

Institutional Trading of Q2

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QTWO. MCF Advisors LLC raised its position in Q2 by 156.5% in the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after buying an additional 374 shares during the last quarter. International Assets Investment Management LLC increased its stake in Q2 by 2,582.4% in the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after buying an additional 878 shares during the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Q2 by 193.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock worth $49,000 after buying an additional 738 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Q2 in the first quarter valued at approximately $50,000. Finally, RiverPark Advisors LLC lifted its holdings in Q2 by 261.0% during the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock worth $58,000 after acquiring an additional 963 shares during the period.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.