Michael A. Volanoski Sells 1,428 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the sale, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Q2 Stock Up 3.8 %

Shares of NYSE QTWO opened at $74.80 on Friday. The company has a market capitalization of $4.51 billion, a P/E ratio of -55.41 and a beta of 1.58. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The company has a 50 day simple moving average of $69.71 and a 200-day simple moving average of $60.50. Q2 Holdings, Inc. has a 1 year low of $28.91 and a 1 year high of $75.94.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QTWO. Wasatch Advisors LP increased its position in shares of Q2 by 10.8% during the first quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after acquiring an additional 398,871 shares during the last quarter. Brown Capital Management LLC boosted its position in shares of Q2 by 0.4% during the 1st quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock worth $134,850,000 after purchasing an additional 11,000 shares during the period. Conestoga Capital Advisors LLC increased its holdings in Q2 by 2.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company’s stock valued at $137,184,000 after purchasing an additional 54,970 shares during the last quarter. Jennison Associates LLC raised its position in Q2 by 14.6% in the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock valued at $97,363,000 after purchasing an additional 235,582 shares during the period. Finally, Hood River Capital Management LLC lifted its stake in Q2 by 5.7% during the second quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after purchasing an additional 67,757 shares in the last quarter.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of research reports. BTIG Research lifted their price target on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. DA Davidson lowered shares of Q2 from a “buy” rating to a “neutral” rating and upped their price target for the company from $65.00 to $76.00 in a report on Wednesday, July 24th. Truist Financial reiterated a “buy” rating and set a $78.00 price objective (up previously from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Needham & Company LLC upped their target price on Q2 from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised their price target on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.38.

Read Our Latest Research Report 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.

Further Reading

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.