Twin Tree Management LP Makes New Investment in Q2 Holdings, Inc. $QTWO

Key Points

• Twin Tree Management LP acquired 8,613 shares of Q2 Holdings, Inc. valued at approximately $806,000 in its new investment during the second quarter.
• Insider selling activity included General Counsel Michael S. Kerr selling 967 shares, while another insider, John E. Breeden, sold 6,105 shares, reflecting notable changes in their positions.
• Analysts have recently updated Q2’s stock ratings, with some firms like Stifel Nicolaus and JPMorgan reducing their price targets for the company.

Twin Tree Management LP acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,613 shares of the technology company's stock, valued at approximately $806,000.

Other large investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Q2 in the first quarter worth about $35,000. Larson Financial Group LLC raised its position in shares of Q2 by 2,630.0% in the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock worth $44,000 after acquiring an additional 526 shares during the period. TCTC Holdings LLC raised its position in shares of Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock worth $48,000 after acquiring an additional 303 shares during the period. SVB Wealth LLC acquired a new position in shares of Q2 in the first quarter worth about $58,000. Finally, Summit Securities Group LLC acquired a new position in shares of Q2 in the first quarter worth about $64,000.

Insider Buying and Selling at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 967 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the sale, the general counsel owned 56,228 shares in the company, valued at approximately $4,644,432.80. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John E. Breeden sold 6,105 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the sale, the insider owned 149,643 shares of the company's stock, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,499 shares of company stock worth $650,658. Insiders own 0.31% of the company's stock.

Q2 Trading Up 0.8%

QTWO stock opened at $59.73 on Friday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 1,194.84 and a beta of 1.47. Q2 Holdings, Inc. has a 12 month low of $58.57 and a 12 month high of $112.82. The firm has a 50-day moving average of $74.24 and a two-hundred day moving average of $81.40.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QTWO. Stifel Nicolaus reduced their price target on shares of Q2 from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, September 24th. Wall Street Zen downgraded shares of Q2 from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Weiss Ratings restated a "hold (c-)" rating on shares of Q2 in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their price target 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. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $100.69.

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.

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