Q2 Holdings, Inc. (NYSE:QTWO) Insider Kimberly Anne Rutledge Sells 6,656 Shares

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the sale, the insider now directly owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Q2 Stock Performance

Shares of NYSE QTWO opened at $72.88 on Friday. 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 firm has a market cap of $4.43 billion, a price-to-earnings ratio of -112.12 and a beta of 1.62. The business’s 50-day simple moving average is $90.35 and its 200-day simple moving average is $90.03. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82.

Q2 (NYSE:QTWOGet Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Q2 during the 4th quarter valued at approximately $29,000. Quarry LP boosted its stake in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. bought a new stake in Q2 during the 4th quarter valued at approximately $30,000. TCTC Holdings LLC bought a new stake in Q2 during the 4th quarter valued at approximately $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Q2 during the 4th quarter valued at approximately $32,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on QTWO shares. Truist Financial reaffirmed a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Raymond James upped their price target on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Needham & Company LLC upped their price target on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

Get Our Latest Stock Analysis on QTWO

Q2 Company Profile

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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.

See Also

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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