Bayforest Capital Ltd Makes New $476,000 Investment in Q2 Holdings, Inc. $QTWO

Key Points

• Bayforest Capital Ltd made a significant investment of approximately $476,000 in Q2 Holdings, Inc. during the second quarter, acquiring 5,083 shares of the company.
• Research analysts have mixed views on Q2 Holdings, with some maintaining a "hold" rating while others, like Needham & Company, raised their price target to $115.00.
• Insider activity includes significant stock sales by General Counsel Michael S. Kerr and Director James Offerdahl, indicating potential shifts in internal confidence regarding the company's stock performance.

Bayforest Capital Ltd purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,083 shares of the technology company's stock, valued at approximately $476,000.

A number of other large investors have also made changes to their positions in QTWO. WPG Advisers LLC bought a new position in Q2 during the first quarter worth about $35,000. Larson Financial Group LLC lifted its holdings in shares of Q2 by 2,630.0% during the 1st quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock valued at $44,000 after purchasing an additional 526 shares in the last quarter. TCTC Holdings LLC lifted its holdings in shares of Q2 by 103.1% during the 1st quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after purchasing an additional 303 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Q2 in the 1st quarter valued at approximately $58,000. Finally, Summit Securities Group LLC bought a new stake in Q2 during the 1st quarter worth approximately $64,000.

Q2 Price Performance

Shares of NYSE QTWO opened at $62.24 on Wednesday. The business has a 50-day moving average of $75.12 and a 200-day moving average of $81.84. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 1,245.09 and a beta of 1.47. Q2 Holdings, Inc. has a fifty-two week low of $60.28 and a fifty-two week high of $112.82.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Q2 in a research note on Wednesday, October 8th. Needham & Company LLC boosted their price objective on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their target price on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Zacks Research downgraded Q2 from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, September 24th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $101.94.

Insider Buying and Selling at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 967 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $82.60, for a total transaction of $79,874.20. Following the transaction, the general counsel owned 56,228 shares of the company's stock, valued at $4,644,432.80. The trade was a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Offerdahl sold 786 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the sale, the director directly owned 17,792 shares of the company's stock, valued at approximately $1,319,276.80. The trade was a 4.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,499 shares of company stock worth $650,658 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

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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