Insider Selling: Q2 Holdings Inc (QTWO) CEO Sells 20,000 Shares of Stock

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Q2 Holdings Inc (NYSE:QTWO) CEO Matthew P. Flake sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $61.35, for a total transaction of $1,227,000.00. Following the sale, the chief executive officer now owns 280,008 shares of the company’s stock, valued at approximately $17,178,490.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Q2 stock traded up $2.05 during mid-day trading on Friday, reaching $65.40. The company’s stock had a trading volume of 8,774 shares, compared to its average volume of 243,432. Q2 Holdings Inc has a 12-month low of $36.25 and a 12-month high of $64.25. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -132.19 and a beta of 1.42. The company has a current ratio of 6.00, a quick ratio of 6.00 and a debt-to-equity ratio of 1.12.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.15. Q2 had a negative net margin of 12.07% and a negative return on equity of 14.66%. The business had revenue of $58.57 million during the quarter, compared to analyst estimates of $58.34 million. equities research analysts forecast that Q2 Holdings Inc will post -0.53 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in QTWO. Vista Equity Partners Management LLC bought a new position in Q2 in the 1st quarter valued at $4,621,000. Federated Investors Inc. PA boosted its holdings in Q2 by 3.0% in the 1st quarter. Federated Investors Inc. PA now owns 871,735 shares of the technology company’s stock valued at $39,708,000 after purchasing an additional 25,790 shares during the period. Amalgamated Bank bought a new position in Q2 in the 2nd quarter valued at $319,000. OZ Management LP bought a new position in Q2 in the 1st quarter valued at $1,704,000. Finally, Allianz Asset Management GmbH bought a new position in Q2 in the 1st quarter valued at $1,007,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Several equities research analysts have recently issued reports on QTWO shares. Zacks Investment Research upgraded shares of Q2 from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Saturday, August 11th. Stifel Nicolaus raised their price target on shares of Q2 from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. Craig Hallum set a $70.00 price target on shares of Q2 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Needham & Company LLC raised their price target on shares of Q2 from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Royal Bank of Canada restated a “buy” rating and set a $65.00 price target on shares of Q2 in a research note on Thursday, August 9th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $58.38.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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