Summit Creek Advisors LLC Purchases Shares of 211,238 Q2 Holdings, Inc. (NYSE:QTWO)

Summit Creek Advisors LLC acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 211,238 shares of the technology company's stock, valued at approximately $9,170,000. Summit Creek Advisors LLC owned approximately 0.36% of Q2 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. MCF Advisors LLC grew its stake in Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company's stock worth $27,000 after buying an additional 374 shares in the last quarter. International Assets Investment Management LLC raised its position in Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company's stock valued at $40,000 after purchasing an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI lifted its stake in Q2 by 193.7% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company's stock worth $49,000 after purchasing an additional 738 shares during the last quarter. RiverPark Advisors LLC boosted its holdings in shares of Q2 by 261.0% in the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company's stock valued at $58,000 after purchasing an additional 963 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in shares of Q2 in the 4th quarter valued at $152,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on QTWO shares. Piper Sandler raised their price objective on Q2 from $47.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Truist Financial restated a "buy" rating and issued a $65.00 target price (up previously from $60.00) on shares of Q2 in a research report on Thursday, May 2nd. BTIG Research upped their price target on shares of Q2 from $48.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. DA Davidson raised their price objective on Q2 from $58.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Finally, Canaccord Genuity Group upped their target price on Q2 from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.33.

Q2 Trading Down 1.2 %

QTWO traded down $0.77 during trading on Monday, hitting $61.49. The company's stock had a trading volume of 451,130 shares, compared to its average volume of 639,860. The firm has a market capitalization of $3.70 billion, a P/E ratio of -45.55 and a beta of 1.47. Q2 Holdings, Inc. has a twelve month low of $24.46 and a twelve month high of $63.50. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06. The stock's fifty day moving average price is $52.67 and its 200-day moving average price is $44.60.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.04. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The business had revenue of $162.12 million during the quarter, compared to analysts' expectations of $161.31 million. Analysts anticipate that Q2 Holdings, Inc. will post -0.05 EPS for the current year.

Insider Buying and Selling

In other Q2 news, Director R. H. Seale sold 9,000 shares of the business's stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the sale, the director now owns 363,754 shares in the company, valued at approximately $18,224,075.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Kirk L. Coleman sold 2,904 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $133,613.04. Following the completion of the sale, the president now owns 253,015 shares in the company, valued at $11,641,220.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director R. H. Seale sold 9,000 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total value of $450,900.00. Following the completion of the sale, the director now directly owns 363,754 shares of the company's stock, valued at $18,224,075.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 166,935 shares of company stock valued at $7,836,175. 3.60% of the stock is owned by company insiders.

Q2 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.