Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Sells $36,881.30 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael S. Kerr sold 397 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total transaction of $36,881.30. Following the completion of the transaction, the general counsel now directly owns 58,441 shares in the company, valued at approximately $5,429,168.90. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Q2 Trading Up 0.8%

Shares of NYSE QTWO opened at $91.00 on Friday. The company’s fifty day moving average is $79.20 and its 200-day moving average is $90.44. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of -139.99 and a beta of 1.47. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last posted its quarterly earnings data 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%. Equities research analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QTWO. Truist Financial reaffirmed a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Raymond James reduced their price objective on shares of Q2 from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Morgan Stanley raised their price objective on shares of Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Finally, Robert W. Baird raised their price objective on shares of Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.80.

Institutional Investors Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in Q2 in the 4th quarter valued at $288,000. Charles Schwab Investment Management Inc. lifted its position in Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock valued at $51,036,000 after acquiring an additional 10,636 shares in the last quarter. Dakota Wealth Management lifted its position in Q2 by 189.8% in the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 10,498 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Q2 in the 4th quarter valued at $18,271,000. Finally, Inspire Investing LLC lifted its position in Q2 by 103.7% in the 4th quarter. Inspire Investing LLC now owns 13,032 shares of the technology company’s stock valued at $1,312,000 after acquiring an additional 6,633 shares in the last quarter.

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.