Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total value of $126,920.64. Following the sale, the executive now 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 document filed with the SEC, which is accessible through this link.
Q2 Price Performance
NYSE QTWO traded up $2.15 on Monday, reaching $87.83. 452,803 shares of the stock traded hands, compared to its average volume of 643,409. The firm's fifty day simple moving average is $83.92 and its 200 day simple moving average is $88.86. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The company has a market cap of $5.47 billion, a price-to-earnings ratio of -135.11 and a beta of 1.48. Q2 Holdings, Inc. has a 12 month low of $55.97 and a 12 month high of $112.82.
Hedge Funds Weigh In On Q2
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. Proficio Capital Partners LLC bought a new stake in shares of Q2 during the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 in the fourth quarter worth $30,000. TCTC Holdings LLC acquired a new stake in Q2 during the fourth quarter valued at $30,000. Versant Capital Management Inc acquired a new stake in Q2 during the first quarter valued at $33,000. Finally, WPG Advisers LLC acquired a new stake in Q2 during the first quarter valued at $35,000.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on QTWO shares. The Goldman Sachs Group dropped their price target on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Cantor Fitzgerald started coverage on Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price target on the stock. Needham & Company LLC dropped their price target on Q2 from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley increased their price target on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.50.
Check Out Our Latest Report on Q2
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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