Q2 (NYSE:QTWO) General Counsel Michael S. Kerr Sells 641 Shares

Key Points

• Michael Kerr, the General Counsel of Q2 Holdings, Inc., sold 641 shares of the firm's stock on September 11th for a total of approximately $52,978.65.
• Following this sale, Kerr now owns 57,195 shares, reflecting a 1.11% decrease in his position within the company.
• Q2 Holdings has received multiple ratings upgrades from analysts, with an average price target now at $102.25 and a consensus rating of "Moderate Buy."

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) General Counsel Michael S. Kerr sold 641 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $82.65, for a total transaction of $52,978.65. Following the completion of the transaction, the general counsel directly owned 57,195 shares of the company's stock, valued at approximately $4,727,166.75. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Q2 Stock Performance

Shares of NYSE QTWO traded down $5.76 during trading on Friday, reaching $78.48. The company had a trading volume of 13,172,901 shares, compared to its average volume of 1,059,751. Q2 Holdings, Inc. has a 52 week low of $63.61 and a 52 week high of $112.82. The stock has a market cap of $4.90 billion, a PE ratio of 1,569.91 and a beta of 1.49. The business's 50 day moving average price is $81.44 and its 200-day moving average price is $82.90.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on QTWO shares. Needham & Company LLC boosted their target price on shares of Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their target price on shares of Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Zacks Research raised shares of Q2 to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Cantor Fitzgerald began coverage on shares of Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in Q2 by 6.9% during the first quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock valued at $6,987,000 after purchasing an additional 5,672 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Q2 during the fourth quarter valued at approximately $140,000. SG Americas Securities LLC grew its holdings in Q2 by 377.9% during the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock valued at $977,000 after purchasing an additional 9,658 shares during the period. Strs Ohio acquired a new position in Q2 during the first quarter valued at approximately $4,329,000. Finally, Asset Management One Co. Ltd. grew its holdings in Q2 by 31.0% during the first quarter. Asset Management One Co. Ltd. now owns 2,445 shares of the technology company's stock valued at $196,000 after purchasing an additional 578 shares during the period.

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.