Q2 (NYSE:QTWO) COO Sells $68,963.05 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) COO Himagiri Mukkamala sold 1,343 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $51.35, for a total transaction of $68,963.05. Following the completion of the transaction, the chief operating officer owned 92,910 shares of the company’s stock, valued at approximately $4,770,928.50. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Q2 Stock Down 1.5%

Shares of QTWO stock traded down $0.75 during trading hours on Wednesday, reaching $50.51. 701,838 shares of the stock traded hands, compared to its average volume of 1,101,324. The firm has a market capitalization of $3.15 billion, a PE ratio of 63.94 and a beta of 1.40. Q2 Holdings, Inc. has a 1-year low of $46.16 and a 1-year high of $96.68. The business has a fifty day moving average price of $59.61 and a 200 day moving average price of $67.44.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently modified their holdings of QTWO. Vanguard Group Inc. grew its holdings in shares of Q2 by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after acquiring an additional 82,827 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Q2 by 86.2% during the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock worth $226,658,000 after acquiring an additional 1,454,076 shares in the last quarter. Invesco Ltd. boosted its position in Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock valued at $262,390,000 after purchasing an additional 128,387 shares during the last quarter. William Blair Investment Management LLC grew its stake in Q2 by 25.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after purchasing an additional 553,713 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in Q2 by 2.9% in the third quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock valued at $156,221,000 after purchasing an additional 60,016 shares in the last quarter.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a report on Thursday, January 22nd. Wall Street Zen downgraded Q2 from a “strong-buy” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada dropped their price target on Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 12th. Needham & Company LLC decreased their price objective on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald lowered their target price on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.