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 company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This represents a 11.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Q2 Price Performance

QTWO stock traded down $4.51 during midday trading on Monday, reaching $71.39. The company had a trading volume of 1,434,546 shares, compared to its average volume of 756,505. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The stock has a 50 day moving average price of $92.51 and a 200-day moving average price of $90.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of -109.82 and a beta of 1.62.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.18 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%. Equities research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Highland Capital Management LLC increased its holdings in shares of Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after buying an additional 172 shares in the last quarter. Arizona State Retirement System increased its holdings in Q2 by 1.1% in the 4th 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 in the last quarter. Summit Investment Advisors Inc. raised its position in Q2 by 3.3% in the fourth 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 during the last quarter. Moran Wealth Management LLC boosted its stake in shares of Q2 by 2.7% during the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock valued at $817,000 after purchasing an additional 215 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after purchasing an additional 275 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on QTWO. 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. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and issued a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Finally, Raymond James increased their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.