Insider Selling: Q2 Holdings Inc (QTWO) SVP Sells 3,298 Shares of Stock

Q2 Holdings Inc (NYSE:QTWO) SVP Barry G. Benton sold 3,298 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $68.81, for a total value of $226,935.38. Following the transaction, the senior vice president now owns 37,024 shares of the company’s stock, valued at $2,547,621.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NYSE QTWO opened at $68.25 on Friday. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $72.00. The firm has a market cap of $2.97 billion, a PE ratio of -184.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 13th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.10. Q2 had a negative return on equity of 12.18% and a negative net margin of 14.68%. The business had revenue of $67.20 million during the quarter, compared to the consensus estimate of $66.77 million. During the same period in the prior year, the business posted $0.05 earnings per share. Q2’s revenue was up 30.0% compared to the same quarter last year. On average, research analysts anticipate that Q2 Holdings Inc will post -0.65 earnings per share for the current fiscal year.

A number of research analysts recently commented on QTWO shares. JPMorgan Chase & Co. upgraded Q2 from a “neutral” rating to an “overweight” rating and set a $49.92 price objective for the company in a research note on Thursday, December 13th. BTIG Research upgraded Q2 from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, December 19th. Loop Capital set a $67.00 price objective on Q2 and gave the stock a “buy” rating in a research note on Monday, December 31st. Stephens raised Q2 from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $60.00 to $59.00 in a research note on Thursday, January 3rd. Finally, Raymond James increased their price target on Q2 from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.33.

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Q2 by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock valued at $157,519,000 after purchasing an additional 106,651 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Q2 by 5.7% during the third quarter. Bank of New York Mellon Corp now owns 181,415 shares of the technology company’s stock valued at $10,986,000 after purchasing an additional 9,809 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Q2 by 12.0% during the third quarter. Deutsche Bank AG now owns 273,855 shares of the technology company’s stock valued at $16,580,000 after purchasing an additional 29,441 shares during the last quarter. Putnam Investments LLC lifted its holdings in shares of Q2 by 138.2% during the third quarter. Putnam Investments LLC now owns 78,778 shares of the technology company’s stock valued at $4,770,000 after purchasing an additional 45,709 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Q2 by 36.7% in the 4th quarter. Victory Capital Management Inc. now owns 738,399 shares of the technology company’s stock worth $36,587,000 after acquiring an additional 198,345 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

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About Q2

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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