Kirk L. Coleman Sells 10,428 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman sold 10,428 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the transaction, the president now directly owns 337,643 shares in the company, valued at $35,931,968.06. The trade was a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Q2 Trading Down 1.0 %

NYSE QTWO opened at $105.92 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 12 month low of $38.04 and a 12 month high of $112.82. The company’s 50 day simple moving average is $94.11 and its 200 day simple moving average is $76.98.

Wall Street Analyst Weigh In

Several analysts have issued reports on QTWO shares. BTIG Research upped their price objective on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. The Goldman Sachs Group upped their price target on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and set a $100.00 target price (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Finally, Needham & Company LLC lifted their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.50.

Hedge Funds Weigh In On Q2

Hedge funds have recently modified their holdings of the company. Versor Investments LP acquired a new stake in shares of Q2 during the 3rd quarter valued at $590,000. Perpetual Ltd purchased a new position in Q2 in the 3rd quarter worth about $80,788,000. BNP Paribas Financial Markets lifted its stake in Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after buying an additional 7,475 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Q2 in the third quarter worth about $1,227,000. Finally, Creative Planning increased its position in shares of Q2 by 62.5% in the third quarter. Creative Planning now owns 19,834 shares of the technology company’s stock worth $1,582,000 after acquiring an additional 7,631 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.