Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price Sells 42,652 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price sold 42,652 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the completion of the transaction, the chief financial officer now directly owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. This trade represents a 16.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Q2 Trading Up 3.9 %

Shares of NYSE:QTWO opened at $75.89 on Friday. The stock has a 50 day moving average of $89.81 and a 200 day moving average of $90.04. The company has a market cap of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities research analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in Q2 in the 4th quarter worth approximately $29,000. Quarry LP boosted its stake in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. bought a new position in Q2 in the 4th quarter worth approximately $30,000. TCTC Holdings LLC bought a new position in Q2 in the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Q2 in the 4th quarter worth approximately $32,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted their target price on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Citigroup boosted their target price on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Stephens reissued an “overweight” rating and issued a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Raymond James boosted their price target on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.27.

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.