Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew P. Flake Sells 35,723 Shares

Q2 Holdings, Inc. (NYSE:QTWO) 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) 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

A number of institutional investors have recently made changes to their positions in QTWO. Proficio Capital Partners LLC purchased a new position in shares of Q2 during the 4th quarter valued at $29,000. Quarry LP raised its holdings in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Q2 in the 4th quarter valued at about $30,000. TCTC Holdings LLC purchased a new stake in shares of Q2 in the 4th quarter valued at about $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Q2 in the 4th quarter valued at about $32,000.

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.

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.