Q2 Holdings, Inc. (QTWO) Insider Sells $1,224,600.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Adam D. Blue sold 30,000 shares of Q2 stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.82, for a total value of $1,224,600.00. Following the completion of the sale, the insider now directly owns 50,805 shares in the company, valued at approximately $2,073,860.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Q2 Holdings, Inc. (QTWO) opened at $41.40 on Monday. Q2 Holdings, Inc. has a 1 year low of $27.80 and a 1 year high of $44.35.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. During the same quarter in the previous year, the firm earned ($0.24) EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. analysts anticipate that Q2 Holdings, Inc. will post -0.48 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of QTWO. Franklin Resources Inc. boosted its stake in shares of Q2 by 55.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after acquiring an additional 536,772 shares during the period. Emerald Advisers Inc. PA bought a new position in shares of Q2 during the 3rd quarter worth approximately $15,520,000. Penn Capital Management Co. Inc. boosted its stake in shares of Q2 by 3,059.9% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock worth $11,243,000 after acquiring an additional 294,207 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Q2 by 371.8% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 305,361 shares of the technology company’s stock worth $12,718,000 after acquiring an additional 240,645 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Q2 by 6.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock worth $108,759,000 after acquiring an additional 190,171 shares during the period. Institutional investors own 91.43% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Loop Capital lifted their target price on Q2 from $42.00 to $49.00 and gave the company a “positive” rating in a research report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Q2 in a research report on Friday, November 3rd. Zacks Investment Research raised Q2 from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $43.00 price target on shares of Q2 in a research report on Monday, October 30th. Finally, DA Davidson assumed coverage on Q2 in a research report on Thursday, November 16th. They set a “neutral” rating and a $38.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.90.

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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.

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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