Oak Ridge Investments LLC Sells 1,810 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Oak Ridge Investments LLC cut its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,244 shares of the technology company’s stock after selling 1,810 shares during the period. Oak Ridge Investments LLC owned 0.11% of Q2 worth $6,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quarry LP lifted its holdings 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 buying an additional 336 shares during the period. CWM LLC lifted its stake in shares of Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after purchasing an additional 961 shares during the period. International Assets Investment Management LLC boosted its position in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares during the period. Finally, Diversified Trust Co bought a new stake in Q2 in the fourth quarter valued at about $203,000.

Insider Activity at Q2

In other news, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now owns 337,643 shares in the company, valued at $35,931,968.06. This represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the transaction, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,836 shares of company stock valued at $3,061,035. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QTWO shares. Compass Point boosted their target price on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. DA Davidson boosted their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a report on Wednesday, December 18th. Stephens boosted their price target on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Piper Sandler raised their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.07.

Q2 Stock Up 0.5 %

Shares of QTWO opened at $93.84 on Friday. The company has a 50 day moving average of $102.24 and a 200-day moving average of $84.43. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a twelve month low of $40.60 and a twelve month high of $112.82.

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.