Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lowered its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,611,850 shares of the technology company’s stock after selling 105,355 shares during the quarter. Q2 accounts for 1.4% of Wasatch Advisors LP’s holdings, making the stock its 22nd biggest position. Wasatch Advisors LP owned approximately 5.98% of Q2 worth $288,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. 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 worth $29,000 after buying an additional 169 shares in the last quarter. 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 worth $146,000 after buying an additional 1,812 shares in the last quarter. 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 worth $148,000 after buying an additional 964 shares in the last quarter. Quest Partners LLC purchased a new stake in Q2 during the second quarter worth $153,000. Finally, Marco Investment Management LLC purchased a new stake in Q2 during the third quarter worth $207,000.

Insider Transactions at Q2

In related news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,493 shares of company stock valued at $196,863. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Stephens increased their price target on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC increased their price target on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and set a $100.00 price target (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Finally, Compass Point increased their price objective on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Q2 Stock Performance

NYSE:QTWO opened at $104.74 on Friday. The company’s 50-day moving average price is $88.85 and its 200-day moving average price is $74.14. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a market cap of $6.33 billion, a P/E ratio of -109.10 and a beta of 1.58. Q2 Holdings, Inc. has a twelve month low of $35.20 and a twelve month high of $108.00.

Q2 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.