Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 36,023 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 36,023 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the sale, the chief executive officer now directly owns 485,666 shares of the company’s stock, valued at $39,023,263.10. The trade was a 6.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Q2 Stock Performance

Shares of NYSE QTWO opened at $70.42 on Friday. Q2 Holdings, Inc. has a 12-month low of $49.56 and a 12-month high of $112.82. The company has a market cap of $4.28 billion, a PE ratio of -108.33 and a beta of 1.62. The stock has a 50 day simple moving average of $85.20 and a 200-day simple moving average of $90.70. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Hedge Funds Weigh In On Q2

A number of institutional investors and hedge funds have recently bought and sold shares of QTWO. Highland Capital Management LLC lifted its stake in shares of Q2 by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after acquiring an additional 172 shares during the period. Arizona State Retirement System lifted its position in Q2 by 1.1% in the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock worth $1,761,000 after purchasing an additional 190 shares during the period. Summit Investment Advisors Inc. boosted its stake in Q2 by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock valued at $620,000 after purchasing an additional 195 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after buying an additional 215 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after buying an additional 275 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QTWO. Robert W. Baird reissued a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research report on Wednesday, December 18th. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Needham & Company LLC increased their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.47.

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.