Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale Sells 22,300 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 22,300 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $32.59, for a total transaction of $726,757.00. Following the completion of the transaction, the director now owns 426,354 shares in the company, valued at $13,894,876.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Q2 Stock Performance

QTWO stock opened at $32.62 on Tuesday. The business’s fifty day moving average is $33.64 and its 200-day moving average is $28.90. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.91 billion, a P/E ratio of -22.34 and a beta of 1.44. Q2 Holdings, Inc. has a twelve month low of $18.91 and a twelve month high of $37.94.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Q2 had a negative return on equity of 9.76% and a negative net margin of 14.08%. The firm had revenue of $154.61 million for the quarter, compared to the consensus estimate of $154.11 million. Equities research analysts forecast that Q2 Holdings, Inc. will post -0.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QTWO shares. Citigroup boosted their price target on shares of Q2 from $31.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, August 29th. Morgan Stanley increased their target price on Q2 from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. DA Davidson increased their target price on Q2 from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Royal Bank of Canada increased their target price on Q2 from $32.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, August 3rd. Finally, Piper Sandler raised their price target on shares of Q2 from $24.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and an average price target of $36.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. Nicholas Company Inc. grew its stake in Q2 by 5.0% in the first quarter. Nicholas Company Inc. now owns 213,465 shares of the technology company’s stock valued at $5,256,000 after acquiring an additional 10,190 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in shares of Q2 by 12.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 26,749 shares of the technology company’s stock valued at $659,000 after purchasing an additional 2,891 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Q2 by 0.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 171,129 shares of the technology company’s stock worth $4,598,000 after purchasing an additional 938 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Q2 during the 1st quarter worth approximately $4,906,000. Finally, Conestoga Capital Advisors LLC lifted its stake in Q2 by 1.6% in the first quarter. Conestoga Capital Advisors LLC now owns 2,218,258 shares of the technology company’s stock valued at $54,614,000 after buying an additional 34,716 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.