Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman Sells 10,428 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares in the company, valued at approximately $35,931,968.06. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Q2 Trading Down 1.0 %

NYSE:QTWO opened at $105.92 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $94.11 and its two-hundred day moving average is $76.98. Q2 Holdings, Inc. has a fifty-two week low of $38.04 and a fifty-two week high of $112.82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QTWO shares. Royal Bank of Canada lifted their price target on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. DA Davidson lifted their price objective on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Piper Sandler raised their price target on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Compass Point raised their target price 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Hedge Funds Weigh In On Q2

Large investors have recently modified their holdings of the company. Conestoga Capital Advisors LLC lifted its holdings in shares of Q2 by 1.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after acquiring an additional 34,300 shares in the last quarter. State Street Corp raised its holdings in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC boosted its holdings in Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock worth $107,963,000 after acquiring an additional 19,520 shares during the period. Hood River Capital Management LLC raised its stake in shares of Q2 by 5.7% during the second quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock valued at $76,132,000 after purchasing an additional 67,757 shares during the period. Finally, American Century Companies Inc. grew its holdings in Q2 by 5,990.6% during the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after purchasing an additional 1,190,274 shares in the last quarter.

Q2 Company 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.