Insider Selling: Q2 Holdings Inc (NYSE:QTWO) Director Sells $4,896,360.00 in Stock

Q2 Holdings Inc (NYSE:QTWO) Director R. H. Seale sold 63,000 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $77.72, for a total value of $4,896,360.00. Following the completion of the sale, the director now directly owns 384,817 shares of the company’s stock, valued at $29,907,977.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of QTWO opened at $79.87 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $3.55 billion, a P/E ratio of -215.86 and a beta of 1.41. The firm’s 50 day simple moving average is $74.75. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $80.58.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.21). The business had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share. Sell-side analysts anticipate that Q2 Holdings Inc will post -0.65 EPS for the current year.



Several analysts have recently commented on QTWO shares. Craig Hallum lowered their price objective on Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. William Blair started coverage on Q2 in a research note on Monday, April 1st. They issued an “outperform” rating and a $69.71 price objective for the company. Stephens downgraded Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 price objective for the company. in a research note on Wednesday, April 3rd. Wells Fargo & Co lowered their price objective on Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, May 9th. Finally, Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.73.

Institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its position in shares of Q2 by 67.4% during the second quarter. Valeo Financial Advisors LLC now owns 385 shares of the technology company’s stock valued at $29,000 after acquiring an additional 155 shares during the last quarter. Tortoise Index Solutions LLC purchased a new stake in shares of Q2 during the first quarter valued at approximately $39,000. Pearl River Capital LLC purchased a new stake in shares of Q2 during the first quarter valued at approximately $76,000. Marshall Wace North America L.P. increased its position in shares of Q2 by 82.2% during the first quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock valued at $125,000 after acquiring an additional 812 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Q2 during the first quarter valued at approximately $145,000. 98.71% of the stock is owned by institutional investors.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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