Q2 Holdings, Inc. (NYSE:QTWO) Director Sells $450,900.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the transaction, the director now owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Q2 Stock Performance

QTWO stock traded up $0.17 on Friday, hitting $49.98. The company’s stock had a trading volume of 339,469 shares, compared to its average volume of 619,619. The firm has a 50 day moving average of $48.56 and a two-hundred day moving average of $41.50. Q2 Holdings, Inc. has a 1 year low of $21.21 and a 1 year high of $53.96. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -44.83 and a beta of 1.49. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.09.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. The company had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. Equities analysts predict that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on QTWO. The Goldman Sachs Group boosted their price target on shares of Q2 from $39.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Canaccord Genuity Group boosted their price objective on shares of Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Truist Financial restated a “buy” rating and set a $60.00 price objective (up previously from $50.00) on shares of Q2 in a research report on Friday. Needham & Company LLC boosted their price objective on shares of Q2 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, TheStreet upgraded shares of Q2 from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.33.

Institutional Trading of Q2

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Q2 by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock worth $224,368,000 after acquiring an additional 487,111 shares during the period. Wasatch Advisors LP increased its holdings in shares of Q2 by 10.8% in the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after purchasing an additional 398,871 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Q2 by 13.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,203,414 shares of the technology company’s stock valued at $95,650,000 after purchasing an additional 256,802 shares in the last quarter. North Reef Capital Management LP increased its holdings in shares of Q2 by 21.2% in the 3rd quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock valued at $66,799,000 after purchasing an additional 362,227 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Q2 by 2.2% in the 1st quarter. Macquarie Group Ltd. now owns 1,800,789 shares of the technology company’s stock valued at $44,335,000 after purchasing an additional 38,855 shares in the last quarter.

About Q2

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.