Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the transaction, the executive now directly owns 175,812 shares in the company, valued at $15,626,170.56. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Q2 Price Performance
Shares of NYSE QTWO traded down $2.85 during mid-day trading on Friday, reaching $85.62. The company's stock had a trading volume of 510,590 shares, compared to its average volume of 643,367. The stock has a fifty day moving average of $83.54 and a two-hundred day moving average of $89.20. Q2 Holdings, Inc. has a 52 week low of $55.97 and a 52 week high of $112.82. The firm has a market capitalization of $5.33 billion, a PE ratio of -131.73 and a beta of 1.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. Proficio Capital Partners LLC purchased a new position in Q2 in the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in Q2 in the 4th quarter worth about $30,000. TCTC Holdings LLC acquired a new stake in Q2 in the 4th quarter worth about $30,000. Versant Capital Management Inc acquired a new position in shares of Q2 during the 1st quarter worth approximately $33,000. Finally, WPG Advisers LLC acquired a new position in shares of Q2 during the 1st quarter worth approximately $35,000.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Cantor Fitzgerald started coverage on shares of Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target on the stock. Royal Bank of Canada lowered their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Compass Point reissued a "neutral" rating and issued a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Finally, Needham & Company LLC decreased their price target on shares of Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and an average target price of $99.50.
Check Out Our Latest Stock Analysis on QTWO
About Q2
(
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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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