Insider Selling: Q2 Holdings Inc (NYSE:QTWO) CFO Sells 15,000 Shares of Stock

Q2 Holdings Inc (NYSE:QTWO) CFO Jennifer Noel Harris sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $80.92, for a total transaction of $1,213,800.00. Following the completion of the sale, the chief financial officer now owns 129,865 shares of the company’s stock, valued at $10,508,675.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:QTWO traded down $1.37 on Wednesday, reaching $80.20. The company’s stock had a trading volume of 630,656 shares, compared to its average volume of 410,880. The company has a 50-day simple moving average of $85.51 and a 200 day simple moving average of $75.76. Q2 Holdings Inc has a 52-week low of $43.41 and a 52-week high of $93.63. The company has a debt-to-equity ratio of 1.14, a quick ratio of 6.72 and a current ratio of 6.72. The company has a market cap of $3.89 billion, a P/E ratio of -216.76 and a beta of 1.31.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.01. Q2 had a negative net margin of 20.73% and a negative return on equity of 13.40%. The firm had revenue of $77.60 million for the quarter, compared to analysts’ expectations of $76.10 million. During the same period in the prior year, the company earned $0.01 EPS. The business’s revenue was up 32.0% compared to the same quarter last year. On average, equities research analysts forecast that Q2 Holdings Inc will post -0.66 EPS for the current fiscal year.



A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Q2 from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. KeyCorp upped their price target on Q2 from $98.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on Q2 from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Zacks Investment Research raised Q2 from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, Compass Point started coverage on Q2 in a report on Tuesday, August 13th. They set a “buy” rating and a $105.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $79.98.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brown Capital Management LLC increased its stake in Q2 by 26.2% in the second quarter. Brown Capital Management LLC now owns 4,003,706 shares of the technology company’s stock valued at $305,723,000 after purchasing an additional 832,296 shares during the last quarter. Vanguard Group Inc. lifted its position in Q2 by 10.2% during the second quarter. Vanguard Group Inc. now owns 3,943,505 shares of the technology company’s stock worth $301,125,000 after acquiring an additional 363,780 shares during the last quarter. Waddell & Reed Financial Inc. lifted its position in Q2 by 27.4% during the second quarter. Waddell & Reed Financial Inc. now owns 1,376,062 shares of the technology company’s stock worth $105,076,000 after acquiring an additional 295,811 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Q2 by 39.2% during the first quarter. Wasatch Advisors Inc. now owns 1,043,133 shares of the technology company’s stock worth $72,247,000 after acquiring an additional 293,892 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Q2 by 480.8% during the second quarter. First Trust Advisors LP now owns 306,783 shares of the technology company’s stock worth $23,426,000 after acquiring an additional 253,966 shares during the period.

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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