Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) SVP Sells 14,635 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) SVP Kimberly Rutledge sold 14,635 shares of the company’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $94.31, for a total value of $1,380,226.85. Following the completion of the transaction, the senior vice president now owns 60,330 shares of the company’s stock, valued at approximately $5,689,722.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

QTWO stock traded down $1.69 during mid-day trading on Wednesday, hitting $90.78. The stock had a trading volume of 869,895 shares, compared to its average volume of 559,632. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.69. Q2 Holdings, Inc. has a 1-year low of $75.67 and a 1-year high of $148.56. The company has a fifty day moving average of $102.39 and a 200 day moving average of $115.92. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of -39.85 and a beta of 1.71.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Tuesday, February 16th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.19. The business had revenue of $108.99 million for the quarter, compared to analyst estimates of $106.21 million. Q2 had a negative return on equity of 4.99% and a negative net margin of 30.34%. As a group, sell-side analysts expect that Q2 Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership boosted its stake in Q2 by 2.3% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,157,470 shares of the technology company’s stock valued at $216,178,000 after purchasing an additional 48,944 shares during the period. Federated Hermes Inc. boosted its stake in Q2 by 4.9% during the 4th quarter. Federated Hermes Inc. now owns 1,272,900 shares of the technology company’s stock valued at $161,060,000 after purchasing an additional 60,000 shares during the period. Alliancebernstein L.P. boosted its stake in Q2 by 946.6% during the 4th quarter. Alliancebernstein L.P. now owns 777,229 shares of the technology company’s stock valued at $98,343,000 after purchasing an additional 702,969 shares during the period. Baillie Gifford & Co. boosted its stake in Q2 by 9.4% during the 1st quarter. Baillie Gifford & Co. now owns 717,321 shares of the technology company’s stock valued at $71,875,000 after purchasing an additional 61,403 shares during the period. Finally, Norges Bank bought a new stake in Q2 during the 4th quarter valued at approximately $84,926,000.

Several equities research analysts have recently commented on QTWO shares. Morgan Stanley upped their target price on Q2 from $104.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 7th. Zacks Investment Research raised Q2 from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 4th. DA Davidson upped their target price on Q2 from $108.00 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 9th. They noted that the move was a valuation call. Gabelli raised Q2 from a “hold” rating to a “buy” rating in a report on Monday, April 5th. Finally, KeyCorp upped their target price on Q2 from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $133.00.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered integrated person-to-person payments solution.

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

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