Curi RMB Capital LLC Purchases 25,847 Shares of Q2 Holdings, Inc. $QTWO

Key Points

• Curi RMB Capital LLC increased its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 32.9% during Q1, owning approximately 0.17% of the company valued at $8.36 million.
• Insider selling occurred recently, with CRO Michael A. Volanoski selling 1,428 shares and Director James Offerdahl selling 786 shares, indicating a decrease in their ownership of Q2 stock.
• Multiple brokerages have recently adjusted their price targets for Q2 Holdings, with a consensus price target set at $102.25 and a consensus rating of "Moderate Buy."

Curi RMB Capital LLC grew its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 32.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,503 shares of the technology company's stock after purchasing an additional 25,847 shares during the period. Curi RMB Capital LLC owned approximately 0.17% of Q2 worth $8,361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in Q2 by 1,043.1% during the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock worth $76,408,000 after purchasing an additional 871,437 shares in the last quarter. Nuveen LLC acquired a new stake in Q2 during the first quarter worth about $51,960,000. Ameriprise Financial Inc. increased its stake in Q2 by 105.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock worth $101,937,000 after acquiring an additional 520,649 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Q2 by 28.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company's stock valued at $137,948,000 after buying an additional 378,394 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Q2 by 1,909.2% in the fourth quarter. Tidal Investments LLC now owns 213,899 shares of the technology company's stock valued at $21,529,000 after buying an additional 203,253 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QTWO. Cantor Fitzgerald assumed coverage on Q2 in a report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 target price on the stock. Zacks Research upgraded Q2 to a "strong-buy" rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted 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. Needham & Company LLC lifted their price objective on Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. initiated coverage on Q2 in a research report on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Q2 presently has an average rating of "Moderate Buy" and an average price target of $102.25.

Q2 Price Performance

Shares of QTWO stock traded down $1.12 during trading hours on Wednesday, reaching $83.03. The company had a trading volume of 258,200 shares, compared to its average volume of 730,226. The company has a 50 day moving average of $83.12 and a 200 day moving average of $83.03. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 1,659.55 and a beta of 1.49. Q2 Holdings, Inc. has a 1-year low of $63.61 and a 1-year high of $112.82.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 786 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John E. Breeden sold 6,105 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider owned 149,643 shares of the company's stock, valued at $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 a total of 8,319 shares of company stock worth $644,726 in the last three months. Insiders own 3.00% of the company's stock.

Q2 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.