Insider Selling: Q2 Holdings, Inc. (QTWO) SVP Sells $64,035.00 in Stock
Q2 Holdings, Inc. (NYSE:QTWO) SVP Barry G. Benton sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $42.69, for a total value of $64,035.00. Following the sale, the senior vice president now owns 23,487 shares of the company’s stock, valued at approximately $1,002,660.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Q2 Holdings, Inc. (QTWO) traded down $1.60 during mid-day trading on Friday, hitting $42.45. The company had a trading volume of 343,822 shares, compared to its average volume of 188,134. Q2 Holdings, Inc. has a fifty-two week low of $27.80 and a fifty-two week high of $44.35.
Q2 Holdings (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05. The business had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $50.05 million. Q2 Holdings had a negative return on equity of 20.50% and a negative net margin of 15.27%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) earnings per share. research analysts predict that Q2 Holdings, Inc. will post -0.49 EPS for the current year.
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QTWO has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a report on Tuesday, August 1st. Zacks Investment Research upgraded Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Finally, BidaskClub upgraded Q2 Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.90.
Hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. bought a new stake in shares of Q2 Holdings in the first quarter valued at approximately $431,000. Franklin Resources Inc. boosted its stake in shares of Q2 Holdings by 55.6% in the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after buying an additional 536,772 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Q2 Holdings in the second quarter valued at approximately $924,000. First Trust Advisors LP boosted its stake in shares of Q2 Holdings by 213.2% in the second quarter. First Trust Advisors LP now owns 52,950 shares of the technology company’s stock valued at $1,957,000 after buying an additional 36,046 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in shares of Q2 Holdings by 39.7% in the second quarter. William Blair Investment Management LLC now owns 214,696 shares of the technology company’s stock valued at $7,933,000 after buying an additional 61,059 shares during the period. Institutional investors and hedge funds own 92.19% of the company’s stock.
About Q2 Holdings
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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