Q2 (NYSE:QTWO) Trading Up 6.5% - What's Next?

Key Points

• Q2 Holdings, Inc. shares rose 6.5% to $83.91, despite a 12% decline in trading volume compared to the average.
• Analysts have mixed ratings for Q2, with one analyst giving it a "strong buy" while others have issued buy and hold ratings, resulting in a consensus target price of $102.25.
• Insider trading activity showed a total of 9,485 shares sold recently, representing a 3.00% insider ownership of the company.

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) were up 6.5% on Monday . The company traded as high as $83.91 and last traded at $83.91. Approximately 626,455 shares were traded during trading, a decline of 12% from the average daily volume of 713,904 shares. The stock had previously closed at $78.81.

Analyst Ratings Changes

A number of analysts recently commented on the company. Cantor Fitzgerald initiated coverage on Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price objective for the company. Wall Street Zen downgraded Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Needham & Company LLC increased their target price on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Zacks Research upgraded Q2 to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada upped their target price on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Q2 has an average rating of "Moderate Buy" and a consensus target price of $102.25.

Q2 Stock Performance

The business's fifty day simple moving average is $83.47 and its 200-day simple moving average is $83.05. The company has a market capitalization of $5.26 billion, a P/E ratio of 1,688.26 and a beta of 1.49.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the transaction, the executive owned 175,812 shares in the company, valued at $15,626,170.56. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the business's 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 transaction, the insider directly owned 149,643 shares in the company, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,485 shares of company stock worth $750,307 in the last 90 days. 3.00% of the stock is owned by insiders.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Q2 in the 2nd quarter worth $26,000. Versant Capital Management Inc purchased a new stake in shares of Q2 during the 1st quarter worth $33,000. WPG Advisers LLC purchased a new position in shares of Q2 in the first quarter worth about $35,000. Larson Financial Group LLC boosted its stake 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 worth $44,000 after acquiring an additional 526 shares during the last quarter. Finally, TCTC Holdings LLC lifted its position in Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock worth $48,000 after buying an additional 303 shares in the last quarter.

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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