Insider Selling: Q2 (NYSE:QTWO) General Counsel Sells 636 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) General Counsel Michael Kerr sold 636 shares of Q2 stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $60.96, for a total value of $38,770.56. Following the sale, the general counsel owned 80,739 shares in the company, valued at $4,921,849.44. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Q2 Price Performance

QTWO stock traded up $0.58 during midday trading on Friday, hitting $60.91. The stock had a trading volume of 365,600 shares, compared to its average volume of 564,542. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 43.51 and a beta of 1.33. The business has a 50-day moving average of $60.02 and a two-hundred day moving average of $52.09. Q2 Holdings, Inc. has a 52-week low of $40.79 and a 52-week high of $85.13.

Q2 (NYSE:QTWOGet Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $219.77 million for the quarter, compared to the consensus estimate of $216.86 million. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. Research analysts predict that Q2 Holdings, Inc. will post 1.84 earnings per share for the current year.

Hedge Funds Weigh In On Q2

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QTWO. Root Financial Partners LLC bought a new stake in shares of Q2 in the 1st quarter worth $25,000. Headlands Technologies LLC bought a new position in shares of Q2 during the second quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Q2 during the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Q2 during the fourth quarter valued at $27,000. Finally, Optiver Holding B.V. increased its holdings in Q2 by 1,578.9% in the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock worth $30,000 after buying an additional 600 shares in the last quarter.

Analyst Upgrades and Downgrades

QTWO has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price target on Q2 from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Q2 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Wall Street Zen downgraded Q2 from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Morgan Stanley increased their target price on Q2 from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC raised their price target on Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.17.

Check Out Our Latest Stock Analysis on Q2

Q2 Company Profile

(Get Free Report)

Q2 Holdings, Inc provides digital transformation solutions for banks, credit unions, fintech companies and other financial institutions. Its cloud-based technology is designed to help these organizations deliver digital banking experiences across online and mobile channels while supporting customer engagement, account opening and financial product access.

The company’s offerings include digital banking software, lending and loan-origination technology, financial data and analytics tools, and solutions for payment, fraud and financial crime management.

See Also

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

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