Q2 Holdings, Inc. (NYSE:QTWO) EVP Sells $660,000.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) EVP Jonathan Price sold 11,000 shares of Q2 stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $60.00, for a total value of $660,000.00. Following the sale, the executive vice president now directly owns 226,079 shares of the company’s stock, valued at $13,564,740. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Q2 Stock Performance

Q2 stock traded up $1.68 during mid-day trading on Thursday, reaching $60.51. 483,500 shares of the company were exchanged, compared to its average volume of 608,959. The firm has a market cap of $3.64 billion, a PE ratio of -44.82 and a beta of 1.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The firm’s 50-day simple moving average is $58.94 and its two-hundred day simple moving average is $50.28. Q2 Holdings, Inc. has a twelve month low of $28.91 and a twelve month high of $64.17.

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

Institutional Trading of Q2

Several hedge funds and other institutional investors have recently made changes to their positions in QTWO. Deutsche Bank AG grew its holdings in Q2 by 13.4% during the third quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock worth $954,000 after acquiring an additional 3,496 shares during the period. Rhumbline Advisers increased its holdings in shares of Q2 by 3.1% in the 3rd quarter. Rhumbline Advisers now owns 81,633 shares of the technology company’s stock valued at $2,634,000 after purchasing an additional 2,440 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Q2 by 32.0% in the third quarter. Hsbc Holdings PLC now owns 8,818 shares of the technology company’s stock valued at $284,000 after purchasing an additional 2,139 shares during the period. Natixis Advisors L.P. boosted its holdings in Q2 by 4.9% during the third quarter. Natixis Advisors L.P. now owns 15,929 shares of the technology company’s stock worth $514,000 after buying an additional 748 shares in the last quarter. Finally, Gotham Asset Management LLC grew its position in Q2 by 90.1% during the third quarter. Gotham Asset Management LLC now owns 19,463 shares of the technology company’s stock worth $628,000 after buying an additional 9,225 shares during the period.

Analyst Upgrades and Downgrades

QTWO has been the subject of several recent analyst reports. BTIG Research boosted their target price on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Stifel Nicolaus increased their target price on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on shares of Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC upped their price objective on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, DA Davidson lifted their target price on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.53.

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.