Q2 Holdings Inc (NYSE:QTWO) CEO Matthew P. Flake sold 43,859 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $45.44, for a total value of $1,992,952.96. Following the completion of the transaction, the chief executive officer now directly owns 127,402 shares in the company, valued at approximately $5,789,146.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Q2 Holdings Inc (NYSE:QTWO) traded up $0.10 during mid-day trading on Wednesday, hitting $47.15. The company’s stock had a trading volume of 250,412 shares, compared to its average volume of 353,862. Q2 Holdings Inc has a twelve month low of $31.95 and a twelve month high of $48.40. The stock has a market cap of $2,013.16, a PE ratio of -74.84 and a beta of 1.43.
Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $51.70 million. Q2 had a negative return on equity of 19.34% and a negative net margin of 13.49%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. equities analysts anticipate that Q2 Holdings Inc will post -0.44 earnings per share for the current fiscal year.
Several equities analysts have commented on the company. Morgan Stanley upped their price objective on Q2 from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, February 16th. DA Davidson assumed coverage on Q2 in a research report on Thursday, November 16th. They issued a “neutral” rating and a $38.00 price objective on the stock. Zacks Investment Research downgraded Q2 from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Wells Fargo & Co assumed coverage on Q2 in a research report on Thursday, February 8th. They issued an “outperform” rating and a $50.00 price objective on the stock. Finally, Needham & Company LLC upped their price objective on Q2 from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.58.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new stake in shares of Q2 during the 4th quarter worth $546,000. Macquarie Group Ltd. lifted its stake in shares of Q2 by 11.5% during the 4th quarter. Macquarie Group Ltd. now owns 796,669 shares of the technology company’s stock worth $29,357,000 after purchasing an additional 82,441 shares during the last quarter. HBK Investments L P lifted its stake in shares of Q2 by 65.0% during the 4th quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock worth $365,000 after purchasing an additional 3,900 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Q2 by 595.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 216,129 shares of the technology company’s stock worth $7,964,000 after purchasing an additional 185,052 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Q2 by 110.8% during the 4th quarter. Deutsche Bank AG now owns 92,088 shares of the technology company’s stock worth $3,390,000 after purchasing an additional 48,405 shares during the last quarter. Hedge funds and other institutional investors own 90.04% of the company’s stock.
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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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