Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) CRO Sells 1,166 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CRO Michael A. Volanoski sold 1,166 shares of Q2 stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $90.55, for a total value of $105,581.30. Following the sale, the executive now directly owns 177,240 shares of the company's stock, valued at approximately $16,049,082. The trade was a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Q2 Price Performance

NYSE QTWO traded down $2.85 during trading on Friday, reaching $85.62. 510,590 shares of the company traded hands, compared to its average volume of 644,175. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock's 50 day moving average price is $83.54 and its two-hundred day moving average price is $89.20. The company has a market cap of $5.33 billion, a price-to-earnings ratio of -131.73 and a beta of 1.48. Q2 Holdings, Inc. has a 1-year low of $55.97 and a 1-year high of $112.82.

Analysts Set New Price Targets

A number of analysts recently issued reports on QTWO shares. Compass Point reissued a "neutral" rating and set a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. The Goldman Sachs Group cut their target price on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Wall Street Zen lowered Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Stifel Nicolaus raised their target price on Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Raymond James cut their target price on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Q2 currently has an average rating of "Moderate Buy" and a consensus target price of $99.50.

Institutional Investors Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the stock. TCTC Holdings LLC acquired a new stake in Q2 during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Q2 in the 4th quarter worth approximately $30,000. NewEdge Advisors LLC boosted its holdings in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after acquiring an additional 275 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Q2 in the 1st quarter worth approximately $33,000. Finally, WPG Advisers LLC acquired a new position in shares of Q2 in the 1st quarter worth approximately $35,000.

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.