Truvestments Capital LLC Increases Stock Position in Q2 Holdings, Inc. $QTWO

Key Points

• Truvestments Capital LLC significantly increased its stake in Q2 Holdings, Inc. by 428.1%, owning nearly 10,000 shares valued at approximately $795,000.
• Multiple analysts have recently updated their price targets for Q2 Holdings, with a consensus average target of $102.25 and ratings ranging from "Strong Buy" to "Hold."
• Insiders at Q2 Holdings sold over 9,000 shares in the last quarter, indicating a potential decrease in their positions amidst overall institutional interest in the stock.

Truvestments Capital LLC lifted its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 428.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,939 shares of the technology company's stock after purchasing an additional 8,057 shares during the period. Truvestments Capital LLC's holdings in Q2 were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Q2 in the 1st quarter valued at $33,000. 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. Larson Financial Group LLC lifted its stake in shares of 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 purchasing an additional 526 shares during the period. TCTC Holdings LLC lifted its stake in shares of 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 purchasing an additional 303 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Q2 in the 1st quarter valued at $58,000.

Q2 Stock Performance

Shares of NYSE QTWO traded up $0.01 during mid-day trading on Monday, reaching $78.84. The company's stock had a trading volume of 727,684 shares, compared to its average volume of 980,668. The stock has a 50-day moving average of $85.09 and a two-hundred day moving average of $83.54. The stock has a market capitalization of $4.92 billion, a P/E ratio of 1,577.02 and a beta of 1.49. Q2 Holdings, Inc. has a 1-year low of $63.61 and a 1-year high of $112.82.

Insider Activity

In related news, Director James Offerdahl sold 786 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the sale, the director owned 17,792 shares of the company's stock, valued at approximately $1,319,276.80. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,485 shares of company stock worth $750,307 over the last three months. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on QTWO. Zacks Research upgraded shares of Q2 to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Needham & Company LLC upped their price objective on shares of Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price objective on shares of Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial reduced their price objective on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Q2 presently has a consensus rating of "Moderate Buy" and an average price target of $102.25.

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.