Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells $2,894,448.05 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the sale, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Q2 Stock Down 6.8 %

Shares of NYSE:QTWO opened at $70.42 on Friday. Q2 Holdings, Inc. has a 1 year low of $49.56 and a 1 year high of $112.82. The stock has a 50-day simple moving average of $85.20 and a 200-day simple moving average of $90.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $4.28 billion, a P/E ratio of -108.33 and a beta of 1.62.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on QTWO shares. Truist Financial reaffirmed a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Raymond James upped their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. The Goldman Sachs Group lowered their target price on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Citigroup lifted their price objective on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.47.

Institutional Investors Weigh In On Q2

Large investors have recently modified their holdings of the stock. State Street Corp grew its position in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after acquiring an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Q2 by 32.2% during 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. Nordea Investment Management AB increased its stake in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock worth $11,208,000 after buying an additional 42,433 shares during the period. Janney Montgomery Scott LLC acquired a new position in Q2 in the 4th quarter worth $288,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock worth $51,036,000 after buying an additional 10,636 shares in the last quarter.

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.