Jonathan Price Sells 11,000 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $60.00, for a total transaction of $660,000.00. Following the completion of the sale, the executive vice president now directly owns 226,079 shares of the company’s stock, valued at $13,564,740. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Q2 Stock Down 0.3 %

Q2 stock opened at $60.35 on Friday. The firm has a market cap of $3.63 billion, a PE ratio of -44.70 and a beta of 1.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The firm’s 50 day moving average price is $59.36 and its two-hundred day moving average price is $50.51. Q2 Holdings, Inc. has a twelve month low of $28.91 and a twelve month high of $64.17.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm 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%. On average, research analysts predict that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Q2 from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Needham & Company LLC increased their target price on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Piper Sandler increased their target price on shares of Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Stifel Nicolaus increased their target price on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada increased their target price on shares of Q2 from $46.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.53.

Institutional Trading of Q2

Several large investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its position in Q2 by 67.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock worth $2,908,000 after acquiring an additional 22,400 shares in the last quarter. Comerica Bank grew its position in Q2 by 4.4% in the first quarter. Comerica Bank now owns 172,251 shares of the technology company’s stock worth $9,054,000 after acquiring an additional 7,299 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Q2 by 13.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 25,329 shares of the technology company’s stock worth $1,331,000 after acquiring an additional 3,080 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Q2 by 1,910.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after acquiring an additional 683,957 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new stake in Q2 in the first quarter worth approximately $62,765,000.

About Q2

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.