Q2 Holdings Inc. (NYSE:QTWO) insider William M. Furrer sold 10,122 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $28.29, for a total transaction of $286,351.38. Following the sale, the insider now owns 37,172 shares of the company’s stock, valued at $1,051,595.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Q2 Holdings Inc. (NYSE:QTWO) opened at 28.25 on Monday. The firm has a 50-day moving average of $28.15 and a 200-day moving average of $25.59. Q2 Holdings Inc. has a 52-week low of $16.43 and a 52-week high of $30.73. The stock’s market cap is $1.12 billion.

Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.13. The business had revenue of $36 million for the quarter, compared to the consensus estimate of $35.66 million. Q2 Holdings had a negative return on equity of 22.39% and a negative net margin of 27.14%. Q2 Holdings’s revenue for the quarter was up 36.9% compared to the same quarter last year. On average, equities analysts expect that Q2 Holdings Inc. will post ($0.35) EPS for the current fiscal year.

A number of analysts recently weighed in on QTWO shares. Zacks Investment Research cut shares of Q2 Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. Morgan Stanley assumed coverage on shares of Q2 Holdings in a research note on Monday, July 25th. They issued an “equal weight” rating and a $29.00 price objective for the company. Needham & Company LLC assumed coverage on shares of Q2 Holdings in a research note on Tuesday, June 21st. They issued a “buy” rating and a $34.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Q2 Holdings in a research note on Thursday, August 4th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $31.00 price objective (up previously from $27.00) on shares of Q2 Holdings in a research note on Friday, August 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Q2 Holdings currently has a consensus rating of “Buy” and an average price target of $30.50.

Several large investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC increased its stake in Q2 Holdings by 2.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,249,638 shares of the company’s stock worth $54,081,000 after buying an additional 62,038 shares during the period. JPMorgan Chase & Co. increased its stake in Q2 Holdings by 5.3% in the second quarter. JPMorgan Chase & Co. now owns 1,867,286 shares of the company’s stock worth $52,322,000 after buying an additional 94,078 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Q2 Holdings by 13.3% in the second quarter. Artisan Partners Limited Partnership now owns 1,756,070 shares of the company’s stock worth $49,205,000 after buying an additional 206,641 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Q2 Holdings by 14.9% in the second quarter. Vanguard Group Inc. now owns 991,929 shares of the company’s stock worth $27,794,000 after buying an additional 128,514 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in shares of Q2 Holdings by 38.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 805,248 shares of the company’s stock worth $22,563,000 after buying an additional 224,779 shares in the last quarter. 89.16% of the stock is owned by institutional investors and hedge funds.

About Q2 Holdings

Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.

5 Day Chart for NYSE:QTWO

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