Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl Sells 548 Shares

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 548 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. The trade was a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

James Offerdahl also recently made the following trade(s):

• On Wednesday, August 28th, James Offerdahl sold 1,013 shares of Q2 stock. The shares were sold at an average price of $73.97, for a total value of $74,931.61.

Q2 Trading Up 0.4 %

Shares of QTWO stock traded up $0.40 on Monday, reaching $106.77. 387,342 shares of the stock were exchanged, compared to its average volume of 596,868. Q2 Holdings, Inc. has a 1-year low of $34.59 and a 1-year high of $107.96. The stock has a market cap of $6.45 billion, a P/E ratio of -110.80 and a beta of 1.58. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $86.05 and a two-hundred day moving average of $72.78.

Institutional Trading of Q2

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in Q2 by 1,910.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after purchasing an additional 683,957 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Q2 by 13.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 25,329 shares of the technology company’s stock worth $1,331,000 after buying an additional 3,080 shares during the period. Comerica Bank raised its holdings in shares of Q2 by 4.4% during the first quarter. Comerica Bank now owns 172,251 shares of the technology company’s stock valued at $9,054,000 after acquiring an additional 7,299 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Q2 by 67.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock valued at $2,908,000 after acquiring an additional 22,400 shares in the last quarter. Finally, CWM LLC boosted its stake in Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley boosted their price objective on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $72.00 to $90.00 in a report on Friday, October 18th. Royal Bank of Canada lifted their price objective on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC boosted their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.50.

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.