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

Q2 Holdings, Inc. (NYSE:QTWO) 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.

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.