Insider Selling: Q2 Holdings Inc (QTWO) SVP Sells 1,425 Shares of Stock

Q2 Holdings Inc (NYSE:QTWO) SVP Barry G. Benton sold 1,425 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $42.00, for a total transaction of $59,850.00. Following the sale, the senior vice president now directly owns 21,356 shares of the company’s stock, valued at approximately $896,952. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Q2 Holdings Inc (QTWO) opened at $42.50 on Monday. Q2 Holdings Inc has a 1-year low of $30.75 and a 1-year high of $44.35.

Several equities research analysts have recently issued reports on QTWO shares. JPMorgan Chase & Co. downgraded shares of Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Tuesday, December 12th. BTIG Research restated a “buy” rating and set a $47.00 target price on shares of Q2 in a report on Sunday, November 5th. Morgan Stanley increased their target price on shares of Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Canaccord Genuity restated a “hold” rating and set a $43.00 target price on shares of Q2 in a report on Monday, October 30th. Finally, BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Sunday, October 15th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.36.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its holdings in Q2 by 38.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after purchasing an additional 759 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Q2 during the third quarter worth $217,000. GSA Capital Partners LLP acquired a new position in Q2 during the second quarter worth $207,000. Sei Investments Co. boosted its holdings in Q2 by 77.0% during the third quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after purchasing an additional 2,739 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Q2 by 19.7% in the second quarter. Legal & General Group Plc now owns 7,256 shares of the technology company’s stock valued at $269,000 after acquiring an additional 1,195 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

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About Q2

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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