Q2 (NYSE:QTWO) Sets New 52-Week Low - Time to Sell?

Key Points

• Q2 Holdings, Inc. (NYSE:QTWO) stock reached a new 52-week low at $63.55, following a decline from a previous close of $64.29 with a trading volume of 35,951 shares.
• Wall Street analysts have rated Q2 as a "hold," with Zacks Research downgrading it from "strong-buy," while JPMorgan lowered its price target from $115 to $110.
• Insiders, including General Counsel Michael S. Kerr, have sold shares recently, indicating a 1.69% decrease in his position, while total insider sales over the last ninety days amounted to approximately $650,658.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $63.57 and last traded at $63.55, with a volume of 35951 shares trading hands. The stock had previously closed at $64.29.

Wall Street Analysts Forecast Growth

Several research firms have commented on QTWO. Zacks Research lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Wall Street Zen lowered shares of Q2 from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. reduced their price objective on shares of Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, September 24th. Stifel Nicolaus lifted their price objective on shares of Q2 from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Q2 in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Q2 currently has an average rating of "Hold" and a consensus target price of $101.94.

Q2 Trading Down 1.5%

The company has a market capitalization of $3.95 billion, a P/E ratio of 1,266.85 and a beta of 1.47. The business's fifty day moving average price is $76.40 and its 200-day moving average price is $82.40.

Insider Transactions at Q2

In other news, General Counsel Michael S. Kerr sold 967 shares of Q2 stock in a transaction on 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 of the company's stock, valued at approximately $4,644,432.80. The trade was a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John E. Breeden sold 6,105 shares of Q2 stock in a transaction on Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider directly owned 149,643 shares of the company's stock, valued at $11,263,628.61. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,499 shares of company stock valued at $650,658. Insiders own 0.31% of the company's stock.

Hedge Funds Weigh In On Q2

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Q2 in the second quarter valued at about $26,000. WPG Advisers LLC purchased a new position in shares of Q2 in the first quarter valued at about $35,000. Larson Financial Group LLC increased its position in shares of Q2 by 2,630.0% in the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock valued at $44,000 after acquiring an additional 526 shares during the period. TCTC Holdings LLC increased its position in shares of Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after acquiring an additional 303 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of Q2 in the first quarter valued at about $58,000.

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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