Insider Selling: Q2 Holdings Inc (NYSE:QTWO) EVP Sells 5,666 Shares of Stock

Q2 Holdings Inc (NYSE:QTWO) EVP Odus Edward Wittenburg, Jr. sold 5,666 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $75.00, for a total value of $424,950.00. Following the completion of the sale, the executive vice president now directly owns 106,839 shares of the company’s stock, valued at $8,012,925. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Q2 stock opened at $72.18 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $3.23 billion, a PE ratio of -195.08 and a beta of 1.53. Q2 Holdings Inc has a 1-year low of $43.41 and a 1-year high of $76.08.

Q2 (NYSE:QTWO) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.21). The business had revenue of $71.30 million for the quarter, compared to analyst estimates of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, analysts predict that Q2 Holdings Inc will post -0.64 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Tortoise Index Solutions LLC bought a new position in shares of Q2 during the first quarter worth about $39,000. Advisor Group Inc. lifted its position in shares of Q2 by 69.8% during the first quarter. Advisor Group Inc. now owns 659 shares of the technology company’s stock worth $46,000 after purchasing an additional 271 shares during the last quarter. Pearl River Capital LLC bought a new position in shares of Q2 during the first quarter worth about $76,000. Marshall Wace North America L.P. lifted its position in shares of Q2 by 82.2% during the first quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock worth $125,000 after purchasing an additional 812 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Q2 during the first quarter worth about $145,000. 96.82% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on QTWO shares. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target (up previously from $70.00) on shares of Q2 in a report on Friday, March 1st. SunTrust Banks upgraded Q2 from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $84.00 in a report on Friday, March 1st. Craig Hallum restated a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Q2 in a report on Thursday, May 9th. Stephens downgraded Q2 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $76.00 to $73.00 in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $71.04.

TRADEMARK VIOLATION WARNING: This report was originally published by Mayfield Recorder and is owned by of Mayfield Recorder. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://mayfieldrecorder.com/2019/05/18/insider-selling-q2-holdings-inc-qtwo-evp-sells-424950-00-in-stock.html.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

Featured Article: Catch-Up Contributions

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.