Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CEO Sells $1,980,741.40 in Stock

Q2 Holdings, Inc. (NYSE:QTWOGet 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.

View Our Latest Stock Analysis on Q2

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.

About Q2

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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.

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

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