Q2 Holdings, Inc. (NYSE:QTWO) Director Sells $74,931.61 in Stock

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total value of $74,931.61. Following the completion of the transaction, the director now owns 18,789 shares of the company’s stock, valued at approximately $1,389,822.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Q2 Trading Up 0.6 %

Shares of QTWO traded up $0.42 during trading hours on Thursday, reaching $73.82. The stock had a trading volume of 288,847 shares, compared to its average volume of 602,291. Q2 Holdings, Inc. has a 52 week low of $28.91 and a 52 week high of $75.94. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market cap of $4.44 billion, a P/E ratio of -55.01 and a beta of 1.54. The firm has a 50-day moving average of $66.53 and a 200 day moving average of $58.17.

Hedge Funds Weigh In On Q2

Several institutional investors have recently modified their holdings of QTWO. CWM LLC lifted its stake in Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after buying an additional 169 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after acquiring an additional 878 shares during the period. Arcadia Investment Management Corp MI lifted its position in Q2 by 193.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after acquiring an additional 738 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Q2 in the 1st quarter worth $50,000. Finally, Quest Partners LLC bought a new position in Q2 during the 2nd quarter worth about $153,000.

Analyst Ratings Changes

A number of research firms recently issued reports on QTWO. Royal Bank of Canada lifted their price target on Q2 from $60.00 to $76.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Robert W. Baird raised their price objective on shares of Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. BTIG Research upped their target price on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler raised their price target on shares of Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $78.00 price objective (up previously from $68.00) on shares of Q2 in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.38.

Read Our Latest Analysis on QTWO

Q2 Company Profile

(Get Free Report)

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.

Recommended Stories

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

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.