Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski Sells 5,123 Shares

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 5,123 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the transaction, the executive now owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Q2 Price Performance

NYSE:QTWO traded down $1.07 during mid-day trading on Thursday, hitting $105.92. 392,600 shares of the stock traded hands, compared to its average volume of 604,891. Q2 Holdings, Inc. has a 12-month low of $38.04 and a 12-month high of $112.82. The company has a market cap of $6.40 billion, a PE ratio of -110.76 and a beta of 1.60. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $93.55 and its 200 day moving average price is $76.78.

Analyst Ratings Changes

Several research analysts have weighed in on QTWO shares. Needham & Company LLC increased their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler increased their price objective on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Compass Point upped their target price on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Stephens lifted their price objective on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Institutional Trading of Q2

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC boosted its stake in Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares during the period. SG Americas Securities LLC lifted its position in shares of Q2 by 1,371.6% in the second quarter. SG Americas Securities LLC now owns 48,400 shares of the technology company’s stock valued at $2,920,000 after acquiring an additional 45,111 shares in the last quarter. Raymond James & Associates grew its position in shares of Q2 by 2.3% during the second quarter. Raymond James & Associates now owns 109,159 shares of the technology company’s stock worth $6,586,000 after acquiring an additional 2,467 shares during the last quarter. RiverPark Advisors LLC increased its stake in Q2 by 9.6% during the second quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company’s stock worth $406,000 after acquiring an additional 591 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Q2 by 2.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company’s stock worth $137,184,000 after acquiring an additional 54,970 shares in the last quarter.

Q2 Company Profile

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.