Q2 (NYSE:QTWO) Shares Down 8.3% - Should You Sell?

Key Points

• Q2 Holdings, Inc. (NYSE: QTWO) shares fell by 8.3%, trading as low as $82.33, with an increased trading volume of 1,117,678 shares.
• Analysts have mixed ratings on Q2, with Robert W. Baird raising their price target to $90.00, while Wall Street Zen downgraded its rating from "strong-buy" to "buy".
• Insider selling increased, with the CRO and General Counsel selling shares recently, indicating a 0.31% insider ownership in the company.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report)'s stock price traded down 8.3% during mid-day trading on Thursday . The stock traded as low as $82.33 and last traded at $82.49. 1,117,678 shares were traded during mid-day trading, an increase of 69% from the average session volume of 662,801 shares. The stock had previously closed at $89.99.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wall Street Zen downgraded Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Cantor Fitzgerald started coverage on Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target on the stock. JPMorgan Chase & Co. started coverage on Q2 in a report on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 price target on the stock. Finally, Compass Point reiterated a "neutral" rating and issued a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $101.06.

Q2 Stock Down 9.7%

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of -232.14 and a beta of 1.48. The business has a fifty day simple moving average of $90.30 and a 200 day simple moving average of $86.35.

Insider Activity

In other news, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction 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 transaction, the executive owned 175,812 shares of the company's stock, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of Q2 stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the sale, the general counsel directly owned 58,441 shares of the company's stock, valued at $5,429,168.90. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,991 shares of company stock valued at $357,153 in the last quarter. Insiders own 0.31% of the company's stock.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently modified their holdings of QTWO. Assenagon Asset Management S.A. grew its stake in shares of Q2 by 1,043.1% in the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock valued at $76,408,000 after buying an additional 871,437 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after purchasing an additional 698,464 shares during the period. Nuveen LLC purchased a new position in Q2 in the first quarter valued at $51,960,000. Ameriprise Financial Inc. boosted its holdings in Q2 by 105.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after purchasing an additional 520,649 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Q2 by 893.5% in the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock valued at $47,459,000 after purchasing an additional 424,062 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.

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