Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells $543,652.76 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Q2 Stock Down 1.0 %

Shares of NYSE QTWO traded down $1.07 during mid-day trading on Thursday, reaching $105.92. 392,600 shares of the company were exchanged, compared to its average volume of 604,891. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of -110.76 and a beta of 1.60. Q2 Holdings, Inc. has a 1 year low of $38.04 and a 1 year high of $112.82. The firm has a 50-day moving average of $93.55 and a 200 day moving average of $76.78. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Piper Sandler upped their price objective on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. BTIG Research increased their target price on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and raised their price target for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Finally, Royal Bank of Canada upped their price target on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Institutional Investors Weigh In On Q2

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC raised its stake in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. Quarry LP lifted its holdings in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares in the last quarter. International Assets Investment Management LLC increased its stake in Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. raised its holdings in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after buying an additional 964 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Q2 during the 2nd quarter valued at $153,000.

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.