Q2 Holdings Inc (QTWO) EVP Odus Edward Wittenburg, Jr. Sells 7,968 Shares

Share on StockTwits

Q2 Holdings Inc (NYSE:QTWO) EVP Odus Edward Wittenburg, Jr. sold 7,968 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $68.82, for a total transaction of $548,357.76. Following the completion of the transaction, the executive vice president now directly owns 101,173 shares of the company’s stock, valued at approximately $6,962,725.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

QTWO traded up $0.25 during midday trading on Friday, hitting $68.25. The company’s stock had a trading volume of 539,900 shares, compared to its average volume of 382,827. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -184.46 and a beta of 1.54. Q2 Holdings Inc has a 52-week low of $43.41 and a 52-week high of $72.00.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.10. The company had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $66.77 million. Q2 had a negative return on equity of 12.18% and a negative net margin of 14.68%. The firm’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Equities research analysts anticipate that Q2 Holdings Inc will post -0.65 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Q2 by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 379,916 shares of the technology company’s stock valued at $18,824,000 after purchasing an additional 30,709 shares in the last quarter. Norges Bank acquired a new position in shares of Q2 in the 4th quarter valued at approximately $25,818,000. FMR LLC raised its position in shares of Q2 by 11,963.5% in the 4th quarter. FMR LLC now owns 30,038 shares of the technology company’s stock valued at $1,489,000 after purchasing an additional 29,789 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Q2 in the 4th quarter valued at approximately $266,000. Finally, Macquarie Group Ltd. raised its position in shares of Q2 by 22.0% in the 4th quarter. Macquarie Group Ltd. now owns 1,243,394 shares of the technology company’s stock valued at $61,610,000 after purchasing an additional 223,815 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Several research analysts recently weighed in on the stock. KeyCorp boosted their target price on shares of Q2 from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price (up previously from $70.00) on shares of Q2 in a research note on Friday, March 1st. SunTrust Banks raised shares of Q2 from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $84.00 in a research note on Friday, March 1st. Royal Bank of Canada boosted their target price on shares of Q2 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. Finally, DA Davidson downgraded shares of Q2 from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $48.00 to $52.00 in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $67.33.

COPYRIGHT VIOLATION NOTICE: “Q2 Holdings Inc (QTWO) EVP Odus Edward Wittenburg, Jr. Sells 7,968 Shares” was reported by Zolmax and is the sole property of of Zolmax. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://zolmax.com/investing/q2-holdings-inc-qtwo-evp-odus-edward-wittenburg-jr-sells-7968-shares/2965976.html.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

Further Reading: Quiet Period

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

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

DHX Media Ltd.  Receives Consensus Rating of “Hold” from Analysts
DHX Media Ltd. Receives Consensus Rating of “Hold” from Analysts
Visa Inc  Shares Sold by Mogy Joel R Investment Counsel Inc.
Visa Inc Shares Sold by Mogy Joel R Investment Counsel Inc.
NetEase  Upgraded at China Renaissance Securities
NetEase Upgraded at China Renaissance Securities
VF Corp  Shares Sold by Fiduciary Trust Co.
VF Corp Shares Sold by Fiduciary Trust Co.
FineMark National Bank & Trust Has $645,000 Position in iShares Russell Mid-Cap Growth ETF
FineMark National Bank & Trust Has $645,000 Position in iShares Russell Mid-Cap Growth ETF
FineMark National Bank & Trust Acquires 489 Shares of BlackRock, Inc.
FineMark National Bank & Trust Acquires 489 Shares of BlackRock, Inc.


 
© 2006-2019 Zolmax.