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 analysts recently commented on QTWO shares. Royal Bank of Canada reiterated an “outperform” rating and set a $48.00 price target (up from $43.00) on shares of Q2 in a research report on Friday, November 3rd. DA Davidson began coverage on Q2 in a report on Thursday, November 16th. They set a “neutral” rating and a $38.00 price target for the company. BidaskClub upgraded Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. BTIG Research reiterated a “buy” rating and set a $47.00 price target on shares of Q2 in a report on Sunday, November 5th. Finally, Canaccord Genuity cut Q2 from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.58.

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.

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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