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

Q2 Holdings, Inc. (NYSE:QTWO) 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:QTWO) 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.

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.