Invst LLC Invests $415,000 in Q2 Holdings, Inc. (NYSE:QTWO)

Invst LLC purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,120 shares of the technology company's stock, valued at approximately $415,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Q2 in the 4th quarter valued at approximately $140,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Q2 by 66.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,409 shares of the technology company's stock valued at $18,058,000 after buying an additional 71,440 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Q2 in the 4th quarter valued at $530,000. Squarepoint Ops LLC raised its position in Q2 by 2,959.4% in the 4th quarter. Squarepoint Ops LLC now owns 116,991 shares of the technology company's stock valued at $11,775,000 after purchasing an additional 113,167 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in Q2 in the 4th quarter valued at $654,000.

Q2 Trading Down 0.9%

NYSE QTWO traded down $0.77 on Thursday, reaching $86.75. The company had a trading volume of 335,378 shares, compared to its average volume of 647,024. The stock's 50 day moving average is $81.01 and its 200-day moving average is $90.28. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of -133.46 and a beta of 1.47. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 52 week low of $55.97 and a 52 week high of $112.82.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Truist Financial reiterated a "buy" rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Needham & Company LLC cut their price target on Q2 from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Raymond James lowered their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Citigroup upped their target price on shares of Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus upped their target price on shares of Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.80.

Insider Buying and Selling at Q2

In other news, General Counsel Michael S. Kerr sold 397 shares of the company's 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 completion of the transaction, the general counsel now directly owns 58,441 shares of the company's stock, valued at $5,429,168.90. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the company's 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 transaction, the director now directly owns 16,241 shares of the company's stock, 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. Over the last ninety days, insiders sold 194,255 shares of company stock valued at $14,890,656. Company insiders own 3.00% of the company's stock.

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.