Q2 (NYSE:QTWO) Insider Sells $222,859.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 4,340 shares of the company’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 $222,859.00. Following the completion of the transaction, the insider directly owned 83,738 shares of the company’s stock, valued at approximately $4,299,946.30. This represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kimberly Anne Rutledge also recently made the following trade(s):

• On Thursday, March 5th, Kimberly Anne Rutledge sold 20,948 shares of Q2 stock. The shares were sold at an average price of $51.66, for a total value of $1,082,173.68.
• On Wednesday, March 4th, Kimberly Anne Rutledge sold 19,924 shares of Q2 stock. The stock was sold at an average price of $49.75, for a total value of $991,219.00.
• On Tuesday, March 3rd, Kimberly Anne Rutledge sold 3,905 shares of Q2 stock. The shares were sold at an average price of $49.72, for a total value of $194,156.60.

Q2 Price Performance

Shares of NYSE QTWO traded down $0.10 during mid-day trading on Monday, reaching $52.75. 1,108,805 shares of the company’s stock were exchanged, compared to its average volume of 1,123,689. The firm has a 50-day moving average price of $60.06 and a two-hundred day moving average price of $67.64. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 66.78 and a beta of 1.40. Q2 Holdings, Inc. has a 52 week low of $46.16 and a 52 week high of $96.68.

Hedge Funds Weigh In On Q2

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Q2 by 502.5% during the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock valued at $21,856,000 after buying an additional 251,807 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Q2 in the 3rd quarter valued at $1,559,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Q2 by 15.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,328 shares of the technology company’s stock valued at $14,818,000 after purchasing an additional 20,643 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Q2 by 53.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock worth $3,378,000 after purchasing an additional 16,263 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Q2 by 5.5% in the third quarter. Federated Hermes Inc. now owns 788,374 shares of the technology company’s stock worth $57,070,000 after purchasing an additional 41,229 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research 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 note on Saturday. UBS Group set a $67.00 target price on Q2 in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research report on Thursday, January 22nd. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, February 3rd. Finally, Stephens set a $90.00 target price on shares of Q2 in a research report on Friday, January 16th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.29.

Q2 Company Profile

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.