Insider Selling: Q2 (NYSE:QTWO) Insider Sells 10,000 Shares

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.07, for a total value of $630,700.00. Following the transaction, the insider owned 113,913 shares of the company’s stock, valued at $7,184,492.91. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Q2 Trading Down 1.5%

Shares of QTWO stock traded down $0.96 on Wednesday, reaching $62.40. The company had a trading volume of 885,256 shares, compared to its average volume of 922,002. The stock has a market cap of $3.89 billion, a PE ratio of 44.57 and a beta of 1.30. The company has a 50-day moving average of $51.82 and a 200-day moving average of $51.23. Q2 Holdings, Inc. has a 12 month low of $40.79 and a 12 month high of $85.19.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $219.77 million for the quarter, compared to analyst estimates of $216.86 million. Q2 had a net margin of 10.87% and a return on equity of 17.04%. Q2’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. Sell-side analysts anticipate that Q2 Holdings, Inc. will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on QTWO. Robert W. Baird set a $74.00 price objective on shares of Q2 in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Needham & Company LLC boosted their target price on Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley increased their price target on Q2 from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Institutional Investors Weigh In On Q2

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in Q2 in the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new position in Q2 during the 2nd quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 during the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Q2 during the fourth quarter worth about $27,000. Finally, Optiver Holding B.V. grew its holdings in shares of Q2 by 1,578.9% during the first quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock worth $30,000 after buying an additional 600 shares in the last quarter.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.