Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 45,000 Shares

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) CEO Matthew P. Flake sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $41.76, for a total value of $1,879,200.00. Following the completion of the sale, the chief executive officer now directly owns 473,411 shares in the company, valued at approximately $19,769,643.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Q2 Stock Up 1.3 %

NYSE:QTWO opened at $43.20 on Friday. Q2 Holdings, Inc. has a 1 year low of $18.91 and a 1 year high of $45.00. 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 stock has a market cap of $2.53 billion, a price-to-earnings ratio of -31.30 and a beta of 1.49. The stock has a 50-day moving average price of $41.94 and a two-hundred day moving average price of $36.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Q2 by 7.5% in the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after purchasing an additional 487,111 shares in the last quarter. Wasatch Advisors LP raised its holdings in Q2 by 37.1% during the second quarter. Wasatch Advisors LP now owns 4,992,304 shares of the technology company’s stock worth $154,262,000 after acquiring an additional 1,350,892 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in Q2 by 13.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,203,414 shares of the technology company’s stock worth $95,650,000 after acquiring an additional 256,802 shares in the last quarter. North Reef Capital Management LP raised its holdings in Q2 by 21.2% during the third quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock worth $66,799,000 after acquiring an additional 362,227 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in Q2 by 2.2% during the first quarter. Macquarie Group Ltd. now owns 1,800,789 shares of the technology company’s stock worth $44,335,000 after acquiring an additional 38,855 shares in the last quarter.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of research reports. TheStreet upgraded Q2 from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Needham & Company LLC raised their target price on Q2 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Morgan Stanley lifted their price objective on Q2 from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Stephens upgraded Q2 from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $36.00 to $46.00 in a research report on Thursday, December 7th. Finally, Piper Sandler raised Q2 from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $41.00 in a research note on Wednesday, December 13th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.47.

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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.

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