Q2 Holdings, Inc. (NYSE:QTWO) Director Sells $58,281.90 in Stock

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.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) Director James Offerdahl sold 786 shares of Q2 stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the transaction, the director owned 17,792 shares in the company, valued at approximately $1,319,276.80. This represents a 4.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 Stock Performance

Shares of NYSE QTWO traded up $0.24 during mid-day trading on Monday, hitting $74.80. The stock had a trading volume of 148,921 shares, compared to its average volume of 706,408. The company has a 50 day moving average of $87.35 and a two-hundred day moving average of $84.70. The firm has a market cap of $4.67 billion, a PE ratio of 1,496.10 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.

Institutional Investors Weigh In On Q2

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management grew its position in Q2 by 3.8% during the 2nd quarter. Dakota Wealth Management now owns 3,350 shares of the technology company's stock worth $314,000 after purchasing an additional 123 shares during the period. Advisors Asset Management Inc. grew its position in shares of Q2 by 18.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company's stock valued at $94,000 after acquiring an additional 154 shares during the period. ANB Bank grew its position in shares of Q2 by 7.1% during the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company's stock valued at $254,000 after acquiring an additional 179 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in shares of Q2 by 1.1% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company's stock valued at $1,335,000 after acquiring an additional 188 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Q2 by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company's stock valued at $5,226,000 after acquiring an additional 194 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on QTWO shares. Royal Bank Of Canada raised 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. Robert W. Baird lifted their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen lowered Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Zacks Research upgraded Q2 to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus boosted their target price on Q2 from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.