Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Sells $36,634.62 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Q2 Stock Performance

QTWO opened at $74.80 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The firm has a fifty day moving average price of $69.71 and a 200 day moving average price of $60.50. Q2 Holdings, Inc. has a 1 year low of $28.91 and a 1 year high of $75.94. The stock has a market cap of $4.51 billion, a P/E ratio of -55.41 and a beta of 1.58.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Q2 from $60.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Stifel Nicolaus lifted their target price on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their target price on shares of Q2 from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $78.00 price objective (up from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Finally, Compass Point initiated coverage on shares of Q2 in a research note on Wednesday, September 4th. They set a “buy” rating and a $91.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.38.

Hedge Funds Weigh In On Q2

Large investors have recently made changes to their positions in the company. Hood River Capital Management LLC purchased a new stake in Q2 in the 1st quarter worth $62,765,000. American Century Companies Inc. increased its holdings in Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after acquiring an additional 1,190,274 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Q2 by 1,910.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after acquiring an additional 683,957 shares in the last quarter. Norges Bank purchased a new stake in Q2 in the 4th quarter worth $20,470,000. Finally, Wasatch Advisors LP increased its holdings in Q2 by 10.8% in the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock worth $214,386,000 after acquiring an additional 398,871 shares in the last quarter.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.