Q2 Holdings Inc (NYSE:QTWO) Insider Matthew P. Flake Sells 120,000 Shares

Q2 Holdings Inc (NYSE:QTWO) insider Matthew P. Flake sold 120,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $69.50, for a total value of $8,340,000.00. Following the sale, the insider now owns 298,999 shares of the company’s stock, valued at approximately $20,780,430.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NYSE QTWO traded up $2.68 on Wednesday, reaching $73.99. The company had a trading volume of 671,062 shares, compared to its average volume of 400,086. The stock has a market cap of $3.20 billion, a PE ratio of -199.97 and a beta of 1.47. Q2 Holdings Inc has a 1 year low of $43.41 and a 1 year high of $76.08. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.40.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.21). The company had revenue of $71.30 million during the quarter, compared to analysts’ expectations of $70.67 million. Q2 had a negative return on equity of 16.48% and a negative net margin of 18.89%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) EPS. Sell-side analysts anticipate that Q2 Holdings Inc will post -0.64 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Q2 from a “hold” rating to a “sell” rating in a report on Saturday, May 11th. Craig Hallum reiterated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Q2 in a report on Thursday, May 9th. Wells Fargo & Co boosted their target price on Q2 from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. William Blair assumed coverage on Q2 in a report on Monday, April 1st. They set an “outperform” rating and a $69.71 target price for the company. Finally, Raymond James boosted their target price on Q2 from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.04.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Q2 by 9.4% during the 1st quarter. BlackRock Inc. now owns 2,936,416 shares of the technology company’s stock valued at $203,375,000 after buying an additional 253,305 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Q2 by 0.8% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,721,082 shares of the technology company’s stock valued at $119,202,000 after acquiring an additional 13,407 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Q2 by 9.7% during the 1st quarter. Macquarie Group Ltd. now owns 1,364,136 shares of the technology company’s stock valued at $94,480,000 after acquiring an additional 120,742 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of Q2 by 1.4% during the 1st quarter. Champlain Investment Partners LLC now owns 1,270,670 shares of the technology company’s stock valued at $88,007,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its position in shares of Q2 by 39.2% during the 1st quarter. Wasatch Advisors Inc. now owns 1,043,133 shares of the technology company’s stock valued at $72,247,000 after acquiring an additional 293,892 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

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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 Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

Further Reading: Green Investing

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

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