Curi RMB Capital LLC Raises Stock Position in 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 lifted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,503 shares of the technology company's stock after acquiring an additional 25,847 shares during the quarter. Curi RMB Capital LLC owned approximately 0.17% of Q2 worth $8,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QTWO. Versant Capital Management Inc purchased a new position in shares of Q2 during the first quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in Q2 during the first quarter valued at approximately $35,000. Larson Financial Group LLC increased its holdings in Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock valued at $44,000 after buying an additional 526 shares during the period. TCTC Holdings LLC increased its holdings in Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after buying an additional 303 shares during the period. Finally, SVB Wealth LLC purchased a new position in Q2 during the first quarter valued at approximately $58,000.

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the sale, the executive directly owned 175,812 shares in the company, valued at approximately $15,626,170.56. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Offerdahl sold 786 shares of Q2 stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the sale, the director owned 17,792 shares of the company's stock, valued at $1,319,276.80. The trade was a 4.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,485 shares of company stock valued at $750,307. 0.31% of the stock is currently owned by insiders.

Q2 Trading Down 0.1%

NYSE QTWO opened at $77.33 on Friday. The firm's fifty day simple moving average is $83.77 and its two-hundred day simple moving average is $83.27. Q2 Holdings, Inc. has a 12-month low of $63.61 and a 12-month high of $112.82. The firm has a market capitalization of $4.83 billion, a P/E ratio of 1,546.85 and a beta of 1.49.

Analysts Set New Price Targets

Several brokerages recently issued reports on QTWO. Morgan Stanley lifted their price objective on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Robert W. Baird lifted their price objective on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Raymond James Financial cut their price objective on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Zacks Research raised shares of Q2 to a "strong-buy" rating in a report on Friday, August 8th. Finally, Needham & Company LLC lifted their price objective on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Q2 presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.25.

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.

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