Insider Selling: Q2 Holdings Inc (QTWO) President Sells 22,977 Shares of Stock
Q2 Holdings Inc (NYSE:QTWO) President Odus Edward Wittenburg, Jr. sold 22,977 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $44.78, for a total value of $1,028,910.06. Following the sale, the president now owns 95,660 shares of the company’s stock, valued at $4,283,654.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Q2 Holdings Inc (NYSE QTWO) traded up $0.25 on Thursday, reaching $45.25. The company had a trading volume of 827,174 shares, compared to its average volume of 293,444. Q2 Holdings Inc has a 1 year low of $31.95 and a 1 year high of $46.40. The firm has a market cap of $1,876.56, a price-to-earnings ratio of -71.43 and a beta of 1.59.
Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $51.70 million for the quarter, compared to analyst estimates of $51.70 million. Q2 had a negative return on equity of 19.61% and a negative net margin of 13.49%. Q2’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. research analysts anticipate that Q2 Holdings Inc will post -0.43 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. Ameritas Investment Partners Inc. increased its holdings in shares of Q2 by 38.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after acquiring an additional 759 shares during the last quarter. Jefferies Group LLC purchased a new position in Q2 during the 4th quarter worth approximately $201,000. Virtu Financial LLC purchased a new position in Q2 during the 4th quarter worth approximately $205,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Q2 during the 3rd quarter worth approximately $217,000. Finally, Sei Investments Co. grew its stake in Q2 by 77.0% during the 3rd quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after buying an additional 2,739 shares during the last quarter. Institutional investors and hedge funds own 89.88% of the company’s stock.
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Q2 Company Profile
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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