Q2 Holdings, Inc. (NYSE:QTWO) CFO Jennifer Noel Harris sold 10,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.49, for a total transaction of $404,900.00. Following the completion of the transaction, the chief financial officer now owns 74,575 shares in the company, valued at approximately $3,019,541.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Q2 Holdings, Inc. (NYSE:QTWO) opened at $41.40 on Friday. Q2 Holdings, Inc. has a 52 week low of $27.80 and a 52 week high of $44.35.
Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.24) EPS. sell-side analysts expect that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.
A number of brokerages recently commented on QTWO. DA Davidson began coverage on shares of Q2 in a research note on Thursday, November 16th. They issued a “neutral” rating and a $38.00 price target on the stock. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Q2 in a report on Friday, November 3rd. SunTrust Banks reissued a “buy” rating on shares of Q2 in a report on Friday, November 3rd. Finally, BTIG Research reissued a “buy” rating and issued a $47.00 price objective on shares of Q2 in a report on Sunday, November 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Q2 currently has a consensus rating of “Buy” and an average target price of $44.90.
Q2 Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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