Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl Sells 1,000 Shares

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) Director James Offerdahl sold 1,000 shares of the stock in a transaction 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 sale, the director now directly owns 16,241 shares in the company, valued at approximately $1,425,472.57. This represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Offerdahl also recently made the following trade(s):

• On Monday, February 24th, James Offerdahl sold 1,000 shares of Q2 stock. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00.

Q2 Stock Down 1.2%

Shares of NYSE QTWO traded down $1.03 on Wednesday, hitting $87.56. The company had a trading volume of 331,298 shares, compared to its average volume of 648,271. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 12-month low of $55.97 and a 12-month high of $112.82. The firm has a market capitalization of $5.46 billion, a P/E ratio of -134.71 and a beta of 1.47. The business has a 50 day moving average of $81.01 and a two-hundred day moving average of $90.28.

Institutional Trading of Q2

Several institutional investors have recently added to or reduced their stakes in the stock. TCTC Holdings LLC acquired a new position in Q2 in the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in shares of Q2 in the 4th quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 in the 4th quarter valued at about $32,000. NewEdge Advisors LLC grew its position in shares of Q2 by 269.6% during 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 last quarter. Finally, Versant Capital Management Inc acquired a new stake in Q2 during the first quarter worth about $33,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on QTWO. Stephens reiterated an "overweight" rating and set a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Royal Bank of Canada lowered their price objective on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Morgan Stanley upped their target price on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Truist Financial reiterated a "buy" rating and set a $110.00 price target (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Finally, Compass Point reaffirmed a "neutral" rating and set a $60.00 target price on shares of Q2 in a report on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.80.

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.