Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski Sells 4,178 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 4,178 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the transaction, the executive now owns 223,494 shares of the company’s stock, valued at approximately $23,690,364. This represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Q2 Stock Down 0.8 %

Q2 stock opened at $105.10 on Friday. Q2 Holdings, Inc. has a twelve month low of $39.64 and a twelve month high of $112.82. The stock has a market cap of $6.35 billion, a P/E ratio of -109.48 and a beta of 1.60. The company’s 50-day moving average price is $94.62 and its two-hundred day moving average price is $77.39. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Hedge Funds Weigh In On Q2

A number of large investors have recently made changes to their positions in QTWO. Quarry LP boosted its stake in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the period. CWM LLC lifted its holdings 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 buying an additional 169 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares during the period. Asset Management One Co. Ltd. grew its stake 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 acquiring an additional 964 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Q2 during the second quarter worth about $153,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Stephens increased their price target on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their price objective on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Morgan Stanley boosted their target price on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $100.00 price target (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently 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.