Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski Sells 4,178 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 4,178 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the sale, the executive now directly owns 223,494 shares of the company’s stock, valued at $23,690,364. The trade was a 1.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Q2 Stock Down 1.0 %

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

Wall Street Analysts Forecast Growth

QTWO has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price target on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley increased their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. DA Davidson increased their price target on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, BTIG Research boosted their price objective on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in Q2 by 17.5% during the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company’s stock valued at $3,888,000 after buying an additional 7,053 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Q2 by 48.7% in the 3rd quarter. Tidal Investments LLC now owns 10,646 shares of the technology company’s stock valued at $849,000 after acquiring an additional 3,486 shares in the last quarter. Geode Capital Management LLC boosted its stake in Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock worth $107,963,000 after purchasing an additional 19,520 shares during the period. Barclays PLC grew its position in Q2 by 104.0% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock worth $13,012,000 after purchasing an additional 83,181 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Q2 during the 3rd quarter valued at $576,000.

Q2 Company Profile

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.