Q2 Holdings Inc (NYSE:QTWO) CTO Adam D. Blue sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $83.13, for a total transaction of $831,300.00. Following the completion of the transaction, the chief technology officer now owns 78,866 shares of the company’s stock, valued at $6,556,130.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:QTWO opened at $81.49 on Friday. The company has a market capitalization of $4.07 billion, a P/E ratio of -220.24 and a beta of 1.24. The company has a current ratio of 5.93, a quick ratio of 5.93 and a debt-to-equity ratio of 1.18. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $93.63. The firm has a fifty day simple moving average of $75.84 and a 200-day simple moving average of $78.58.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.22. The firm had revenue of $79.70 million for the quarter, compared to the consensus estimate of $79.26 million. Q2 had a negative return on equity of 12.11% and a negative net margin of 22.67%. The firm’s revenue was up 31.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Equities analysts forecast that Q2 Holdings Inc will post -0.72 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. purchased a new position in shares of Q2 in the second quarter worth about $2,420,000. Strs Ohio increased its holdings in Q2 by 76.2% in the 2nd quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock worth $282,000 after buying an additional 1,600 shares during the period. Coronation Fund Managers Ltd. raised its position in Q2 by 54.6% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 48,561 shares of the technology company’s stock worth $3,708,000 after buying an additional 17,150 shares during the last quarter. SG Americas Securities LLC raised its position in Q2 by 45.9% during the 2nd quarter. SG Americas Securities LLC now owns 16,606 shares of the technology company’s stock worth $1,268,000 after buying an additional 5,223 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Q2 by 480.8% during the 2nd quarter. First Trust Advisors LP now owns 306,783 shares of the technology company’s stock valued at $23,426,000 after acquiring an additional 253,966 shares during the period.

A number of analysts have recently weighed in on the stock. SunTrust Banks raised their price target on shares of Q2 from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, August 9th. Compass Point initiated coverage on shares of Q2 in a research note on Tuesday, August 13th. They set a “buy” rating and a $105.00 price objective for the company. ValuEngine cut shares of Q2 from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Q2 from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, BTIG Research raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. Q2 has a consensus rating of “Buy” and a consensus target price of $85.46.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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