Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells $543,652.76 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.12, for a total value of $543,652.76. Following the completion of the sale, the executive now directly owns 218,371 shares in the company, valued at $23,173,530.52. This represents a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Q2 Stock Down 0.8 %

Shares of QTWO stock opened at $105.10 on Friday. Q2 Holdings, Inc. has a 52-week low of $39.64 and a 52-week high of $112.82. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of -109.48 and a beta of 1.60. The firm’s 50-day moving average is $94.62 and its 200-day moving average is $77.39. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Hedge Funds Weigh In On Q2

A number of institutional investors have recently bought and sold shares of QTWO. CWM LLC boosted its stake in shares of Q2 by 54.2% during the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the period. Quarry LP raised its stake in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the period. International Assets Investment Management LLC lifted its holdings in Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Q2 in the second quarter valued at $153,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on QTWO shares. DA Davidson increased their price objective on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Compass Point increased their target price on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC raised their target price on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price target on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.