Insider Selling: Q2 (NYSE:QTWO) Insider Sells $385,429.44 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kirk Coleman sold 7,752 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $49.72, for a total transaction of $385,429.44. Following the sale, the insider directly owned 272,015 shares of the company’s stock, valued at approximately $13,524,585.80. The trade was a 2.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Q2 Price Performance

NYSE:QTWO opened at $52.86 on Friday. Q2 Holdings, Inc. has a one year low of $46.16 and a one year high of $96.68. The business has a fifty day moving average price of $60.49 and a 200-day moving average price of $67.91. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 66.91 and a beta of 1.40.

Hedge Funds Weigh In On Q2

A number of hedge funds have recently made changes to their positions in QTWO. Advisors Asset Management Inc. increased its stake in Q2 by 18.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock worth $94,000 after acquiring an additional 154 shares during the last quarter. ANB Bank boosted its position in shares of Q2 by 7.1% during the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock valued at $254,000 after acquiring an additional 179 shares during the last quarter. Hilltop National Bank boosted its position in shares of Q2 by 9.8% during the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock valued at $150,000 after acquiring an additional 185 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Q2 by 0.3% in the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after purchasing an additional 194 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in Q2 by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company’s stock worth $662,000 after purchasing an additional 197 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stifel Nicolaus set a $75.00 price objective on Q2 in a research note on Thursday, February 12th. Needham & Company LLC cut their price objective on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Stephens set a $90.00 target price on shares of Q2 in a report on Friday, January 16th. UBS Group set a $67.00 target price on shares of Q2 in a research note on Thursday, February 12th. Finally, Morgan Stanley set a $68.00 price target on shares of Q2 in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.29.

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.