Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) Director Sells 548 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 548 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

James Offerdahl also recently made the following trade(s):

• On Wednesday, August 28th, James Offerdahl sold 1,013 shares of Q2 stock. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61.

Q2 Trading Down 2.3 %

Shares of NYSE:QTWO opened at $104.49 on Thursday. 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 1 year low of $35.20 and a 1 year high of $108.00. The firm has a fifty day moving average price of $87.89 and a 200 day moving average price of $73.62. The stock has a market capitalization of $6.31 billion, a PE ratio of -108.84 and a beta of 1.58.

Institutional Investors Weigh In On Q2

A number of hedge funds have recently bought and sold shares of QTWO. CWM LLC boosted its holdings in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after acquiring an additional 169 shares during the period. Quarry LP boosted its holdings in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the period. International Assets Investment Management LLC boosted its holdings in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares during the period. Finally, Quest Partners LLC bought a new stake in Q2 during the second quarter valued at about $153,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on QTWO. DA Davidson boosted their price target on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Compass Point boosted their price target on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup cut shares of Q2 from a “buy” rating to a “neutral” rating and boosted their price target for the company from $72.00 to $90.00 in a report on Friday, October 18th. Needham & Company LLC boosted 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. Finally, Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and an average target price of $91.50.

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.