Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Tremblant Capital Group

Tremblant Capital Group trimmed its position in Q2 Holdings, Inc. (NYSE:QTWO) by 35.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,203,601 shares of the technology company’s stock after selling 664,872 shares during the period. Q2 comprises about 3.1% of Tremblant Capital Group’s portfolio, making the stock its 16th largest holding. Tremblant Capital Group owned approximately 2.07% of Q2 worth $29,633,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QTWO. Nicholas Company Inc. lifted its stake in Q2 by 5.0% in the 1st quarter. Nicholas Company Inc. now owns 213,465 shares of the technology company’s stock worth $5,256,000 after purchasing an additional 10,190 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in Q2 by 12.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 26,749 shares of the technology company’s stock worth $659,000 after purchasing an additional 2,891 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Q2 by 0.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 171,129 shares of the technology company’s stock worth $4,598,000 after purchasing an additional 938 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Q2 in the 1st quarter worth approximately $4,906,000. Finally, Conestoga Capital Advisors LLC lifted its stake in Q2 by 1.6% in the 1st quarter. Conestoga Capital Advisors LLC now owns 2,218,258 shares of the technology company’s stock worth $54,614,000 after purchasing an additional 34,716 shares in the last quarter.

Q2 Stock Down 0.8 %

Shares of NYSE QTWO opened at $33.34 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -22.84 and a beta of 1.44. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.11. Q2 Holdings, Inc. has a 52-week low of $18.91 and a 52-week high of $42.63. The business’s 50 day moving average is $33.36 and its two-hundred day moving average is $28.88.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, August 2nd. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). The firm had revenue of $154.61 million during the quarter, compared to analysts’ expectations of $154.11 million. Q2 had a negative net margin of 14.08% and a negative return on equity of 9.76%. Research analysts predict that Q2 Holdings, Inc. will post -0.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Q2 from $24.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, August 3rd. Raymond James raised their target price on shares of Q2 from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Citigroup lifted their price target on shares of Q2 from $31.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, August 29th. StockNews.com began coverage on shares of Q2 in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group began coverage on shares of Q2 in a research report on Wednesday, July 12th. They set a “buy” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

Insiders Place Their Bets

In other Q2 news, Director R. H. Seale sold 22,300 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.53, for a total value of $747,719.00. Following the completion of the transaction, the director now owns 448,654 shares in the company, valued at $15,043,368.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Q2 news, CRO Michael A. Volanoski sold 1,038 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $28.35, for a total value of $29,427.30. Following the completion of the transaction, the executive now owns 204,824 shares in the company, valued at $5,806,760.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director R. H. Seale sold 22,300 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $33.53, for a total transaction of $747,719.00. Following the completion of the transaction, the director now owns 448,654 shares of the company’s stock, valued at approximately $15,043,368.62. The disclosure for this sale can be found here. Insiders sold a total of 67,938 shares of company stock worth $2,152,833 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Q2 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.