Q2 Holdings Inc (NYSE:QTWO) insider William M. Furrer sold 8,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $37.69, for a total transaction of $301,520.00. Following the completion of the sale, the insider now owns 43,614 shares of the company’s stock, valued at $1,643,811.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Q2 Holdings Inc (NYSE QTWO) opened at $38.25 on Friday. The company has a market cap of $1,590.00, a PE ratio of -55.43 and a beta of 1.52. Q2 Holdings Inc has a 52-week low of $28.85 and a 52-week high of $44.35.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $50.10 million during the quarter, compared to analyst estimates of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. equities research analysts predict that Q2 Holdings Inc will post -0.48 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of Q2 by 1.1% during the second quarter. Goldman Sachs Group Inc. now owns 67,332 shares of the technology company’s stock valued at $2,487,000 after buying an additional 701 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Q2 by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after purchasing an additional 759 shares in the last quarter. Sei Investments Co. raised its position in Q2 by 36.9% in the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after purchasing an additional 959 shares in the last quarter. Legal & General Group Plc raised its position in Q2 by 19.7% in the second quarter. Legal & General Group Plc now owns 7,256 shares of the technology company’s stock worth $269,000 after purchasing an additional 1,195 shares in the last quarter. Finally, American International Group Inc. raised its position in Q2 by 8.1% in the third quarter. American International Group Inc. now owns 21,014 shares of the technology company’s stock worth $875,000 after purchasing an additional 1,572 shares in the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on QTWO. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Q2 in a report on Friday, November 3rd. Loop Capital upped their price target on shares of Q2 from $42.00 to $49.00 and gave the company a “positive” rating in a report on Friday, November 3rd. SunTrust Banks restated a “buy” rating on shares of Q2 in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Q2 from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.36.

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Q2 Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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

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