Insider Selling: Q2 (NYSE:QTWO) Insider 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 Breeden sold 6,105 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the completion of the transaction, the insider owned 149,643 shares of the company's stock, valued at $11,263,628.61. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Q2 Price Performance

NYSE QTWO traded down $0.4510 on Tuesday, reaching $75.2590. The company had a trading volume of 748,602 shares, compared to its average volume of 712,002. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 1,505.48 and a beta of 1.47. Q2 Holdings, Inc. has a fifty-two week low of $63.61 and a fifty-two week high of $112.82. The business has a 50 day moving average of $87.04 and a two-hundred day moving average of $84.57.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Q2 in a report on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 price objective for the company. Raymond James Financial decreased their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada increased their price objective on Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Morgan Stanley increased their price objective on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, Cantor Fitzgerald began coverage on Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $101.06.

Institutional Trading of Q2

Several large investors have recently made changes to their positions in QTWO. Headlands Technologies LLC acquired a new stake in shares of Q2 in the 2nd quarter valued at about $26,000. Versant Capital Management Inc acquired a new stake in shares of Q2 in the 1st quarter valued at about $33,000. WPG Advisers LLC acquired a new stake in shares of Q2 in the 1st quarter valued at about $35,000. NewEdge Advisors LLC grew 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 buying an additional 275 shares during the period. Finally, Larson Financial Group LLC grew 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 buying an additional 526 shares during the period.

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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