Insider Selling: Q2 (NYSE:QTWO) CEO Sells $4,556,602.50 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) CEO Matthew Flake sold 91,590 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total transaction of $4,556,602.50. Following the transaction, the chief executive officer owned 503,815 shares of the company’s stock, valued at approximately $25,064,796.25. This represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Q2 Price Performance

Shares of NYSE:QTWO opened at $52.86 on Friday. Q2 Holdings, Inc. has a one year low of $46.16 and a one year high of $96.68. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 66.91 and a beta of 1.40. The firm has a 50 day simple moving average of $60.49 and a 200 day simple moving average of $67.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Q2 during the second quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Q2 during the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Q2 during the fourth quarter worth $27,000. Cullen Frost Bankers Inc. purchased a new stake in Q2 in the 3rd quarter valued at $27,000. Finally, Salomon & Ludwin LLC purchased a new stake in Q2 in the 3rd quarter valued at $30,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on QTWO shares. Cantor Fitzgerald cut their price objective on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. JPMorgan Chase & Co. decreased their price objective on Q2 from $100.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Needham & Company LLC lowered their price objective on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. UBS Group set a $67.00 target price on Q2 in a report on Thursday, February 12th. Finally, Truist Financial dropped their target price on shares of Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.29.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.