Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) President Sells 10,428 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Q2 Trading Down 0.8 %

Shares of NYSE:QTWO opened at $105.10 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $94.62 and its 200 day moving average price is $77.39. The company has a market cap of $6.35 billion, a PE ratio of -109.48 and a beta of 1.60. Q2 Holdings, Inc. has a fifty-two week low of $39.64 and a fifty-two week high of $112.82.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QTWO. The Goldman Sachs Group upped their target price on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Compass Point upped their price objective on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lifted their target price on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Institutional Investors Weigh In On Q2

A number of hedge funds have recently made changes to their positions in QTWO. Versor Investments LP acquired a new stake in Q2 in the 3rd quarter valued at approximately $590,000. Perpetual Ltd acquired a new position in shares of Q2 during the third quarter valued at $80,788,000. BNP Paribas Financial Markets raised its stake in shares of Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after purchasing an additional 7,475 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Q2 in the third quarter worth about $1,227,000. Finally, Creative Planning lifted its holdings in Q2 by 62.5% in the third quarter. Creative Planning now owns 19,834 shares of the technology company’s stock worth $1,582,000 after purchasing an additional 7,631 shares during the period.

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.