Tidal Investments LLC Acquires 203,253 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Tidal Investments LLC increased its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1,909.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,899 shares of the technology company's stock after buying an additional 203,253 shares during the period. Tidal Investments LLC owned 0.35% of Q2 worth $21,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Q2 during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in Q2 during the 4th quarter worth approximately $30,000. TCTC Holdings LLC purchased a new stake in shares of Q2 in the fourth quarter worth approximately $30,000. Ameliora Wealth Management Ltd. bought a new position in shares of Q2 in the fourth quarter valued at approximately $32,000. Finally, NewEdge Advisors LLC boosted its position in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after buying an additional 275 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Matthew P. Flake sold 56,799 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Michael S. Kerr sold 397 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total transaction of $36,881.30. Following the sale, the general counsel now owns 58,441 shares in the company, valued at $5,429,168.90. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 194,255 shares of company stock worth $14,890,846. Company insiders own 0.31% of the company's stock.

Q2 Trading Down 0.5%

Shares of QTWO traded down $0.39 during trading hours on Friday, reaching $86.91. 135,242 shares of the company traded hands, compared to its average volume of 735,580. Q2 Holdings, Inc. has a 12 month low of $55.97 and a 12 month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The company's fifty day moving average price is $80.27 and its two-hundred day moving average price is $90.51. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of -133.70 and a beta of 1.47.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QTWO. Raymond James dropped their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Stephens reissued an "overweight" rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Royal Bank of Canada reduced their price objective on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group decreased their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Compass Point restated a "neutral" rating and issued a $60.00 target price on shares of Q2 in a research note on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Q2 has a consensus rating of "Moderate Buy" and an average price target of $98.80.

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.