Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells $2,894,448.05 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 36,023 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the sale, the chief executive officer now directly owns 485,666 shares of the company’s stock, valued at approximately $39,023,263.10. The trade was a 6.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Q2 Stock Down 8.1 %

Shares of QTWO opened at $75.63 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50-day simple moving average of $85.67 and a 200-day simple moving average of $90.73. Q2 Holdings, Inc. has a 52 week low of $49.56 and a 52 week high of $112.82. The firm has a market capitalization of $4.59 billion, a P/E ratio of -116.36 and a beta of 1.62.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. Proficio Capital Partners LLC acquired a new position in shares of Q2 in the 4th quarter valued at $29,000. Quarry LP increased its stake in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the period. SBI Securities Co. Ltd. acquired a new position in Q2 in the fourth quarter worth about $30,000. TCTC Holdings LLC bought a new position in Q2 during the fourth quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Q2 during the fourth quarter valued at approximately $32,000.

Analysts Set New Price Targets

QTWO has been the subject of a number of analyst reports. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Stephens reissued an “overweight” rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Needham & Company LLC increased their price objective on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.47.

Q2 Company Profile

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.