XTX Topco Ltd Invests $517,000 in Q2 Holdings, Inc. (NYSE:QTWO)

XTX Topco Ltd acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,459 shares of the technology company's stock, valued at approximately $517,000.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Q2 during the first quarter worth approximately $33,000. NewEdge Advisors LLC grew its position in Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after buying an additional 275 shares in the last quarter. Larson Financial Group LLC increased its stake in Q2 by 2,630.0% during the 1st 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 holdings 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 acquiring an additional 303 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Q2 during the 4th quarter valued at $98,000.

Q2 Price Performance

Shares of NYSE QTWO traded down $0.98 during mid-day trading on Friday, hitting $73.64. 981,794 shares of the stock traded hands, compared to its average volume of 706,033. The company has a market cap of $4.60 billion, a PE ratio of 1,473.09 and a beta of 1.47. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82. The firm has a 50 day simple moving average of $88.82 and a two-hundred day simple moving average of $85.56.

Insider Buying and Selling at Q2

In related news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the sale, the executive directly owned 175,812 shares in the company, valued at $15,626,170.56. This trade represents a 0.81% decrease in their position. 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 that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the transaction, the director owned 16,241 shares of the company's stock, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,991 shares of company stock worth $357,153. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QTWO. Royal Bank Of Canada increased their target price on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Wall Street Zen lowered shares of Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Cantor Fitzgerald started coverage on shares of Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 target price for the company. Robert W. Baird increased their price target on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Raymond James Financial lowered 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. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.