3,707 Shares in Q2 Holdings, Inc. $QTWO Bought by Castleview Partners LLC

Key Points

• Castleview Partners LLC acquired 3,707 shares of Q2 Holdings, Inc. for about $347,000 during the second quarter, marking a new investment position in the company.
• Recent insider sales included James Offerdahl selling 786 shares and John E. Breeden selling 6,105 shares, reducing their ownership percentages by 4.23% and 3.92%, respectively.
• Analysts have mixed outlooks on Q2 Holdings, with price targets ranging from $102.00 to $115.00, and a consensus rating of "Moderate Buy" from various research firms.

Castleview Partners LLC bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,707 shares of the technology company's stock, valued at approximately $347,000.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Q2 in the first quarter worth $33,000. WPG Advisers LLC acquired a new stake in Q2 in the first quarter worth $35,000. Larson Financial Group LLC grew its holdings in Q2 by 2,630.0% in the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock worth $44,000 after purchasing an additional 526 shares during the period. TCTC Holdings LLC grew its holdings in Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock worth $48,000 after purchasing an additional 303 shares during the period. Finally, SVB Wealth LLC acquired a new stake in Q2 in the first quarter worth $58,000.

Insider Activity

In other news, Director James Offerdahl sold 786 shares of Q2 stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the transaction, the director directly owned 17,792 shares in the company, valued at $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the transaction, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,499 shares of company stock worth $650,658 over the last three months. 0.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on QTWO. JPMorgan Chase & Co. reduced their price target on shares of Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday. Stifel Nicolaus raised their price target on shares of Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald began coverage on shares of Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target for the company. Royal Bank Of Canada raised their price target on shares of Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC raised their price target on shares of Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.94.

Q2 Price Performance

Shares of NYSE QTWO opened at $73.82 on Thursday. The stock has a market capitalization of $4.61 billion, a P/E ratio of 1,476.78 and a beta of 1.49. The company has a 50-day moving average price of $80.63 and a 200-day moving average price of $82.87. Q2 Holdings, Inc. has a 1 year low of $63.61 and a 1 year high of $112.82.

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.

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