Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) CEO Matthew P. Flake sold 46,937 shares of Q2 stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $42.20, for a total value of $1,980,741.40. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares in the company, valued at $19,977,944.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Q2 Trading Up 2.7 %
Q2 stock opened at $42.66 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $41.68 and its two-hundred day simple moving average is $36.19. Q2 Holdings, Inc. has a 12 month low of $18.91 and a 12 month high of $45.00. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -30.91 and a beta of 1.49.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. TheStreet raised Q2 from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of Q2 in a research note on Thursday, November 2nd. Morgan Stanley boosted their target price on Q2 from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Needham & Company LLC boosted their target price on Q2 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Finally, Piper Sandler upgraded Q2 from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $41.00 in a research report on Wednesday, December 13th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.47.
Institutional Investors Weigh In On Q2
Several hedge funds have recently added to or reduced their stakes in QTWO. MCF Advisors LLC boosted its holdings in Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after acquiring an additional 374 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after purchasing an additional 878 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Q2 by 370.8% during the second quarter. Captrust Financial Advisors now owns 1,243 shares of the technology company’s stock valued at $48,000 after purchasing an additional 979 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of Q2 by 193.7% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Q2 during the first quarter valued at $49,000.
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.
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