Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) CEO Matthew P. Flake sold 35,723 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $2,647,788.76. Following the completion of the transaction, the chief executive officer now owns 578,714 shares in the company, valued at $42,894,281.68. The trade was a 5.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Q2 Stock Down 3.2 %
Shares of NYSE:QTWO traded down $2.43 during mid-day trading on Thursday, hitting $72.88. 1,020,150 shares of the company traded hands, compared to its average volume of 779,668. The stock has a 50-day moving average price of $90.88 and a two-hundred day moving average price of $90.15. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82. The stock has a market cap of $4.43 billion, a P/E ratio of -112.12 and a beta of 1.62.
Q2 (NYSE:QTWO – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
QTWO has been the topic of a number of recent analyst reports. Stephens restated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Citigroup lifted their target price on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Needham & Company LLC boosted their price objective on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and a consensus price target of $105.27.
Get Our Latest Stock Analysis on QTWO
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.
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