Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management Co. Ltd has significantly reduced its stake in Q2 Holdings, Inc. by 95%, now holding only 672 shares valued at $54,000 after selling 12,891 shares in the first quarter.
• Analysts have mixed opinions on Q2 stock, with Stifel Nicolaus raising the price target to $110, while Wall Street Zen downgraded it from "strong-buy" to "buy" as of June 8th.
• Q2 Holdings stock has experienced a 9.7% decline recently, trading around $81.25 with a market cap of $5.06 billion and a consensus rating of "Moderate Buy."

Harvest Fund Management Co. Ltd reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 95.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 672 shares of the technology company's stock after selling 12,891 shares during the period. Harvest Fund Management Co. Ltd's holdings in Q2 were worth $54,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Versant Capital Management Inc bought a new position in shares of Q2 in the 1st quarter worth about $33,000. NewEdge Advisors LLC increased its position in 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 buying an additional 275 shares in the last quarter. Larson Financial Group LLC increased its position in Q2 by 2,630.0% in the 1st 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 in the last quarter. TCTC Holdings LLC increased its position in Q2 by 103.1% in the 1st quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after buying an additional 303 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in Q2 in the 4th quarter valued at about $98,000.

Q2 Trading Up 0.8%

Shares of NYSE QTWO traded up $0.64 during trading hours on Monday, reaching $77.17. The stock had a trading volume of 397,877 shares, compared to its average volume of 674,603. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 1,546.29 and a beta of 1.47. The business's fifty day moving average price is $89.97 and its two-hundred day moving average price is $86.08. Q2 Holdings, Inc. has a 52-week low of $61.51 and a 52-week high of $112.82.

Insider Activity at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the sale, the general counsel directly owned 58,441 shares of the company's stock, valued at approximately $5,429,168.90. This trade represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the sale, the director directly owned 16,241 shares in the company, valued at $1,425,472.57. This represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,991 shares of company stock valued at $357,153 in the last ninety days. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QTWO shares. Needham & Company LLC lifted their price target on Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. assumed coverage on shares of Q2 in a report on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 price target on the stock. Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Robert W. Baird upped their price target on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Compass Point reaffirmed a "neutral" rating and issued a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and an average price target of $101.06.

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.