Q2 (NYSE:QTWO) Insider John E. Breeden Sells 6,105 Shares of Stock

Key Points

• Insider John Breeden sold 6,105 shares of Q2 Holdings, Inc. (NYSE:QTWO) at an average price of $75.27, totaling approximately $459,523, decreasing his ownership by 3.92%.
• The company currently holds a market cap of $4.70 billion and has a price-to-earnings ratio of 1,505.48, with a consensus target price among analysts set at $101.06.
• Recent institutional trading saw significant stake acquisitions, including a 269.6% increase in shares held by NewEdge Advisors LLC and a 2,630.0% growth in stakes by Larson Financial Group LLC.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) insider John E. Breeden sold 6,105 shares of the business's 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 transaction, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Q2 Stock Performance

Shares of NYSE QTWO traded up $3.89 during mid-day trading on Friday, hitting $79.53. 1,043,098 shares of the stock were exchanged, compared to its average volume of 1,048,693. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82. The stock's fifty day simple moving average is $86.09 and its two-hundred day simple moving average is $84.14. The company has a market cap of $4.97 billion, a P/E ratio of 1,590.92 and a beta of 1.47.

Hedge Funds Weigh In On Q2

Several hedge funds have recently added to or reduced their stakes in the stock. Cim Investment Management Inc. lifted its stake in Q2 by 100.7% in the second quarter. Cim Investment Management Inc. now owns 13,713 shares of the technology company's stock valued at $1,333,000 after buying an additional 6,882 shares during the period. Caxton Associates LLP acquired a new position in Q2 in the second quarter valued at about $201,000. Castleark Management LLC acquired a new position in Q2 in the second quarter valued at about $5,341,000. Headlands Technologies LLC bought a new position in Q2 during the second quarter worth about $26,000. Finally, Tower Research Capital LLC TRC grew its stake in Q2 by 160.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the technology company's stock valued at $841,000 after acquiring an additional 5,534 shares during the period.

Analyst Ratings Changes

A number of research firms have recently issued reports on QTWO. Needham & Company LLC lifted their target price on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird boosted their price objective on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Zacks Research raised 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. Finally, Raymond James Financial dropped their price target on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.06.

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.