Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) President Sells 8,559 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $907,254.00. Following the completion of the transaction, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. This represents a 2.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Q2 Price Performance

Q2 stock opened at $105.17 on Friday. Q2 Holdings, Inc. has a 1 year low of $39.64 and a 1 year high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The firm has a 50 day moving average price of $94.11 and a 200 day moving average price of $76.98. The company has a market cap of $6.35 billion, a price-to-earnings ratio of -109.55 and a beta of 1.60.

Institutional Trading of Q2

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after buying an additional 1,190,274 shares during the period. Perpetual Ltd acquired a new position in shares of Q2 in the 3rd quarter valued at about $80,788,000. Venturi Wealth Management LLC grew its holdings in shares of Q2 by 139.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after purchasing an additional 354,524 shares during the period. Clearbridge Investments LLC purchased a new stake in shares of Q2 during the 2nd quarter worth about $13,490,000. Finally, Renaissance Technologies LLC increased its position in Q2 by 171.6% during the 2nd quarter. Renaissance Technologies LLC now owns 204,000 shares of the technology company’s stock worth $12,307,000 after purchasing an additional 128,900 shares in the last quarter.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and increased their price target for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Royal Bank of Canada lifted their price objective on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Compass Point increased their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial reissued a “buy” rating and issued a $100.00 price target (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Five equities 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.50.

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.