Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski Sells 1,166 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 1,166 shares of Q2 stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $71,429.16. Following the completion of the sale, the executive now owns 239,476 shares in the company, valued at $14,670,299.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Q2 Stock Down 0.8 %

Shares of QTWO opened at $57.62 on Friday. The company’s 50-day moving average is $57.98 and its 200-day moving average is $49.03. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. Q2 Holdings, Inc. has a fifty-two week low of $27.17 and a fifty-two week high of $64.17.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $165.51 million for the quarter, compared to analyst estimates of $163.58 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. As a group, equities research analysts anticipate that Q2 Holdings, Inc. will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Q2

Large investors have recently made changes to their positions in the company. Swiss National Bank grew its holdings in Q2 by 1.8% in the 3rd quarter. Swiss National Bank now owns 127,900 shares of the technology company’s stock valued at $4,127,000 after buying an additional 2,200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Q2 by 17.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,042 shares of the technology company’s stock valued at $16,330,000 after acquiring an additional 74,083 shares in the last quarter. Pathstone Family Office LLC bought a new position in Q2 during the third quarter worth about $388,000. Mutual of America Capital Management LLC raised its stake in Q2 by 3.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 50,694 shares of the technology company’s stock worth $1,636,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Q2 by 13.4% in the 3rd quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock valued at $954,000 after purchasing an additional 3,496 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have issued reports on QTWO shares. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price target (up from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. Robert W. Baird lifted their target price on Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Canaccord Genuity Group increased their price target on Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Stifel Nicolaus boosted their price target on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Q2 in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

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.