Kirk L. Coleman Sells 8,559 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) President Kirk L. Coleman sold 8,559 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the sale, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Q2 Stock Down 0.8 %

NYSE QTWO opened at $105.10 on Friday. The stock’s 50 day simple moving average is $94.62 and its 200 day simple moving average is $77.39. Q2 Holdings, Inc. has a one year low of $39.64 and a one year high of $112.82. The firm has a market cap of $6.35 billion, a PE ratio of -109.48 and a beta of 1.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Institutional Trading of Q2

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP grew its holdings in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. CWM LLC lifted its position in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after purchasing an additional 964 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Q2 in the 2nd quarter worth approximately $153,000.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Needham & Company LLC raised their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler lifted their price target on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $100.00 price target (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Finally, BTIG Research upped their target price on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus price target of $91.50.

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.