Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman Sells 8,559 Shares

Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman sold 8,559 shares of Q2 stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $907,254.00. Following the completion of the sale, the president now owns 340,903 shares of the company’s stock, valued at $36,135,718. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Q2 Stock Down 1.0 %

NYSE:QTWO opened at $105.92 on Friday. The business has a 50 day simple moving average of $94.11 and a 200-day simple moving average of $76.98. Q2 Holdings, Inc. has a 1 year low of $38.04 and a 1 year high of $112.82. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QTWO. The Goldman Sachs Group boosted their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price objective on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $100.00 target price (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. DA Davidson increased their price objective on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC boosted their target price on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QTWO. Franklin Resources Inc. raised its holdings in shares of Q2 by 17.5% in the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company’s stock worth $3,888,000 after buying an additional 7,053 shares during the period. Tidal Investments LLC increased its stake in Q2 by 48.7% in the 3rd quarter. Tidal Investments LLC now owns 10,646 shares of the technology company’s stock worth $849,000 after buying an additional 3,486 shares during the period. Geode Capital Management LLC lifted its holdings in Q2 by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after buying an additional 19,520 shares in the last quarter. Barclays PLC boosted its position in Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock valued at $13,012,000 after buying an additional 83,181 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of Q2 during the third quarter worth approximately $576,000.

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.