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James Offerdahl Sells 786 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 logo with Computer and Technology background

Key Points

  • James Offerdahl, a director at Q2 Holdings, Inc., sold 786 shares of the company at an average price of $74.15, resulting in a total transaction value of $58,281.90.
  • Analysts have varied opinions on Q2 Holdings, with recent upgrades from Needham & Company and Stifel Nicolaus, while Wall Street Zen downgraded its rating from "strong-buy" to "buy."
  • Q2 Holdings currently has a market cap of $4.77 billion and recent trading showed shares rise by $1.19 to $76.33 during midday trading.
  • Need better tools to track Q2? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) Director James Offerdahl sold 786 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the transaction, the director owned 17,792 shares of the company's stock, valued at $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, May 22nd, James Offerdahl sold 1,000 shares of Q2 stock. The shares were sold at an average price of $87.77, for a total value of $87,770.00.

Q2 Price Performance

Q2 stock traded up $1.19 during midday trading on Wednesday, hitting $76.33. 736,488 shares of the stock were exchanged, compared to its average volume of 710,258. Q2 Holdings, Inc. has a 1 year low of $63.61 and a 1 year high of $112.82. The firm has a market cap of $4.77 billion, a P/E ratio of 1,526.91 and a beta of 1.47. The company has a 50 day moving average price of $88.25 and a two-hundred day moving average price of $85.22.

Analyst Ratings Changes

QTWO has been the topic of several analyst reports. Needham & Company LLC raised their price target on shares of Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their price target on Q2 from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. JPMorgan Chase & Co. assumed coverage on shares of Q2 in a research note on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.06.

View Our Latest Research Report on Q2

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QTWO. Envestnet Asset Management Inc. raised its position in shares of Q2 by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 97,356 shares of the technology company's stock valued at $9,799,000 after purchasing an additional 1,622 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Q2 by 21.7% in the fourth quarter. Russell Investments Group Ltd. now owns 33,489 shares of the technology company's stock valued at $3,371,000 after acquiring an additional 5,965 shares in the last quarter. Raymond James Financial Inc. bought a new position in Q2 during the 4th quarter valued at $18,271,000. Townsquare Capital LLC acquired a new position in Q2 during the 4th quarter worth $290,000. Finally, Summit Investment Advisors Inc. increased its position in shares of Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock worth $620,000 after purchasing an additional 195 shares during the last quarter.

About Q2

(Get Free Report)

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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Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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