Dakota Wealth Management Has $258,000 Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Dakota Wealth Management cut its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 79.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,227 shares of the technology company's stock after selling 12,803 shares during the period. Dakota Wealth Management's holdings in Q2 were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after purchasing an additional 275 shares during the period. Versant Capital Management Inc bought a new position in shares of Q2 during the first quarter valued at about $33,000. Transce3nd LLC bought a new stake in shares of Q2 in the fourth quarter worth about $98,000. Johnson Financial Group Inc. purchased a new stake in Q2 in the fourth quarter worth about $102,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Q2 in the 4th quarter worth approximately $137,000.

Q2 Price Performance

Shares of Q2 stock opened at $91.50 on Friday. The firm has a market cap of $5.70 billion, a PE ratio of -261.42 and a beta of 1.48. Q2 Holdings, Inc. has a 12 month low of $61.51 and a 12 month high of $112.82. The stock has a 50 day moving average of $90.35 and a 200 day moving average of $86.90. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction that occurred 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 transaction, the executive directly owned 175,812 shares of the company's stock, valued at $15,626,170.56. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the transaction, the director owned 16,241 shares in the company, valued at $1,425,472.57. The trade was a 5.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,991 shares of company stock worth $357,153 in the last 90 days. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

QTWO has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley raised their price target on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. assumed coverage on shares of Q2 in a research note on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 price target on the stock. Royal Bank Of Canada reduced their price target 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, May 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.41.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.