Q2 Holdings Inc (NYSE:QTWO) CEO Matthew P. Flake sold 43,952 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $52.20, for a total transaction of $2,294,294.40. Following the completion of the sale, the chief executive officer now owns 280,008 shares of the company’s stock, valued at approximately $14,616,417.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE:QTWO traded down $0.59 during trading hours on Thursday, hitting $51.30. 507,874 shares of the company were exchanged, compared to its average volume of 351,821. The company has a market cap of $2.25 billion, a PE ratio of -106.88 and a beta of 1.48. Q2 Holdings Inc has a 52-week low of $36.25 and a 52-week high of $67.10. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 1.13.

Q2 (NYSE:QTWO) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. The company had revenue of $60.50 million for the quarter, compared to the consensus estimate of $60.18 million. Q2 had a negative net margin of 12.88% and a negative return on equity of 12.61%. Q2’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. As a group, analysts expect that Q2 Holdings Inc will post -0.5 EPS for the current fiscal year.

Several research analysts recently commented on QTWO shares. Zacks Investment Research upgraded shares of Q2 from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Saturday, August 11th. Morgan Stanley set a $60.00 price objective on shares of Q2 and gave the stock a “hold” rating in a research note on Thursday, November 8th. Stephens started coverage on shares of Q2 in a research note on Thursday, September 27th. They set an “equal weight” rating and a $70.00 price objective for the company. Loop Capital boosted their price objective on shares of Q2 to $67.00 and gave the stock an “in-line” rating in a research note on Thursday, August 9th. Finally, Raymond James boosted their price objective on shares of Q2 from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, September 10th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $62.79.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Q2 in the 2nd quarter valued at $132,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Q2 in the 2nd quarter valued at $200,000. Brick & Kyle Associates purchased a new stake in shares of Q2 in the 2nd quarter valued at $228,000. Virtu Financial LLC purchased a new stake in shares of Q2 in the 3rd quarter valued at $253,000. Finally, Trexquant Investment LP purchased a new stake in shares of Q2 in the 2nd quarter valued at $267,000. 95.20% of the stock is currently owned by institutional investors and hedge funds.

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Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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

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