Q2 (NYSE:QTWO) General Counsel Sells $144,858.35 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael Kerr sold 2,821 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $144,858.35. Following the completion of the sale, the general counsel directly owned 47,227 shares of the company’s stock, valued at $2,425,106.45. This trade represents a 5.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Q2 Price Performance

Shares of QTWO stock traded down $0.10 during trading hours on Monday, reaching $52.75. The company had a trading volume of 1,108,805 shares, compared to its average volume of 1,123,689. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 66.78 and a beta of 1.40. The business has a fifty day simple moving average of $60.06 and a 200-day simple moving average of $67.64. Q2 Holdings, Inc. has a 12 month low of $46.16 and a 12 month high of $96.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in Q2 in the second quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Q2 in the third quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in Q2 during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Q2 during the 4th quarter valued at $27,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Q2 in the third quarter worth about $30,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on QTWO shares. Wall Street Zen lowered shares of Q2 from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Truist Financial dropped their target price on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Zacks Research upgraded Q2 from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, February 3rd. Finally, Morgan Stanley set a $68.00 price objective on shares of Q2 in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.