James Offerdahl Sells 1,000 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Q2 Price Performance

NYSE:QTWO opened at $85.04 on Friday. Q2 Holdings, Inc. has a 52 week low of $44.74 and a 52 week high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s 50-day simple moving average is $95.69 and its 200 day simple moving average is $89.64. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -130.83 and a beta of 1.61.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Hedge Funds Weigh In On Q2

Hedge funds have recently added to or reduced their stakes in the stock. TCTC Holdings LLC bought a new stake in shares of Q2 during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in Q2 in the fourth quarter valued at about $30,000. Ameliora Wealth Management Ltd. bought a new stake in Q2 during the fourth quarter worth about $32,000. Quarry LP grew its stake in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after buying an additional 275 shares during the period.

Wall Street Analysts Forecast Growth

QTWO has been the subject of several recent analyst reports. Morgan Stanley raised their target price 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. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. DA Davidson boosted their target price on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus price target of $105.27.

About Q2

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.