Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells $2,647,788.76 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 35,723 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $2,647,788.76. Following the completion of the sale, the chief executive officer now owns 578,714 shares in the company, valued at approximately $42,894,281.68. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Q2 Price Performance

NYSE QTWO opened at $75.89 on Friday. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62. The company has a 50-day moving average price of $89.81 and a two-hundred day moving average price of $90.15.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QTWO. Proficio Capital Partners LLC acquired a new stake in Q2 during the fourth quarter valued at approximately $29,000. Quarry LP lifted its stake in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Q2 during the fourth quarter valued at approximately $30,000. TCTC Holdings LLC acquired a new stake in Q2 during the fourth quarter valued at approximately $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Q2 during the fourth quarter valued at approximately $32,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Stifel Nicolaus upped their target price on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stephens restated an “overweight” rating and issued 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 on the stock in a research note on Wednesday, December 18th. Finally, Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

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.