Aquatic Capital Management LLC Sells 5,307 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Aquatic Capital Management LLC lowered its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,193 shares of the technology company's stock after selling 5,307 shares during the quarter. Aquatic Capital Management LLC's holdings in Q2 were worth $221,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Q2 by 104.0% during the third quarter. Barclays PLC now owns 163,138 shares of the technology company's stock valued at $13,012,000 after purchasing an additional 83,181 shares during the last quarter. Tidal Investments LLC raised its position in shares of Q2 by 48.7% during the third quarter. Tidal Investments LLC now owns 10,646 shares of the technology company's stock worth $849,000 after acquiring an additional 3,486 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Q2 by 17.5% during the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company's stock valued at $3,888,000 after acquiring an additional 7,053 shares during the period. Principal Financial Group Inc. boosted its holdings in Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock valued at $14,095,000 after acquiring an additional 49,233 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after purchasing an additional 42,433 shares during the period.

Q2 Stock Down 1.0 %

Shares of Q2 stock traded down $0.90 during trading hours on Friday, reaching $89.89. 280,279 shares of the company's stock were exchanged, compared to its average volume of 641,133. The stock has a market cap of $5.60 billion, a P/E ratio of -138.29 and a beta of 1.47. The company has a 50 day moving average of $77.45 and a two-hundred day moving average of $90.09. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on QTWO shares. Truist Financial restated a "buy" rating and set a $110.00 target price (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Royal Bank of Canada reduced their price objective on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research note on Thursday. Compass Point reiterated a "neutral" rating and set a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Needham & Company LLC reduced their price target on Q2 from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Citigroup upped their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Q2 has an average rating of "Moderate Buy" and a consensus price target of $98.80.

Insider Activity at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now directly owns 113,278 shares in the company, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by corporate insiders.

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.