Q2 (NYSE:QTWO) General Counsel Sells $79,874.20 in Stock

Key Points

• Q2 Holdings General Counsel Michael Kerr sold 967 shares of the company for a total of $79,874.20, decreasing his ownership by 1.69%.
• Shares of Q2 (QTWO) rose by 0.9% to reach $82.94 on a trading volume of 881,203, exceeding its average volume.
• Analysts have mixed reviews, with a consensus rating of "Moderate Buy" and an average price target of $102.25, reflecting varying confidence in the stock's future performance.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) General Counsel Michael Kerr sold 967 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $82.60, for a total transaction of $79,874.20. Following the completion of the sale, the general counsel directly owned 56,228 shares in the company, valued at approximately $4,644,432.80. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Q2 Stock Up 0.9%

Shares of QTWO stock traded up $0.76 on Monday, reaching $82.94. The stock had a trading volume of 881,203 shares, compared to its average volume of 739,416. The firm's 50-day moving average is $82.51 and its two-hundred day moving average is $82.95. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 1,659.17 and a beta of 1.49. Q2 Holdings, Inc. has a 12 month low of $63.61 and a 12 month high of $112.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of Q2 by 1,025.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,474 shares of the technology company's stock worth $699,000 after purchasing an additional 6,810 shares in the last quarter. Cim Investment Management Inc. grew its position in shares of Q2 by 100.7% during the 2nd quarter. Cim Investment Management Inc. now owns 13,713 shares of the technology company's stock worth $1,333,000 after purchasing an additional 6,882 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Q2 during the 2nd quarter worth approximately $201,000. Castleark Management LLC acquired a new position in shares of Q2 during the 2nd quarter worth approximately $5,341,000. Finally, Headlands Technologies LLC acquired a new position in shares of Q2 during the 2nd quarter worth approximately $26,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QTWO. Zacks Research raised shares of Q2 to a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada increased their price target on shares of Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Stifel Nicolaus increased their price target on shares of Q2 from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald started coverage on shares of Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $102.25.

Q2 Company 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.

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