Q2 Holdings, Inc. (NYSE:QTWO) President Sells $1,109,747.76 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now owns 337,643 shares in the company, valued at $35,931,968.06. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Q2 Stock Performance

Q2 stock opened at $105.17 on Friday. Q2 Holdings, Inc. has a fifty-two week low of $39.64 and a fifty-two week high of $112.82. The company has a market capitalization of $6.35 billion, a PE ratio of -109.55 and a beta of 1.60. The company has a 50 day moving average price of $94.11 and a 200-day moving average price of $76.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Institutional Investors Weigh In On Q2

Several hedge funds have recently made changes to their positions in the company. Versor Investments LP purchased a new position in shares of Q2 during the third quarter valued at $590,000. Perpetual Ltd purchased a new position in Q2 during the 3rd quarter valued at about $80,788,000. BNP Paribas Financial Markets raised its holdings in shares of Q2 by 32.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after purchasing an additional 7,475 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Q2 in the 3rd quarter valued at about $1,227,000. Finally, Creative Planning lifted its position in shares of Q2 by 62.5% in the 3rd quarter. Creative Planning now owns 19,834 shares of the technology company’s stock worth $1,582,000 after purchasing an additional 7,631 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on QTWO. Compass Point boosted their price objective on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler raised their price target on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $100.00 price objective (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. DA Davidson increased their target price on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC lifted their price target on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Five research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.