Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells $4,446,225.72 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Q2 Stock Performance

Q2 stock opened at $75.25 on Thursday. The firm’s 50 day simple moving average is $90.88 and its 200-day simple moving average is $90.15. The company has a market cap of $4.57 billion, a P/E ratio of -115.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new position in Q2 during the fourth quarter valued at approximately $191,000. Invst LLC purchased a new position in Q2 during the fourth quarter valued at approximately $415,000. Public Employees Retirement System of Ohio purchased a new position in Q2 during the fourth quarter valued at approximately $140,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Q2 by 66.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,409 shares of the technology company’s stock valued at $18,058,000 after purchasing an additional 71,440 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in Q2 during the fourth quarter valued at approximately $530,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stephens reissued an “overweight” rating and set a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Raymond James raised their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Needham & Company LLC raised their price objective on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price objective on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

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.