James Offerdahl Sells 548 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 548 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

James Offerdahl also recently made the following trade(s):

• On Wednesday, August 28th, James Offerdahl sold 1,013 shares of Q2 stock. The shares were sold at an average price of $73.97, for a total value of $74,931.61.

Q2 Stock Performance

Shares of QTWO opened at $106.99 on Wednesday. The stock has a 50-day simple moving average of $87.32 and a 200-day simple moving average of $73.41. The stock has a market capitalization of $6.46 billion, a PE ratio of -111.45 and a beta of 1.58. Q2 Holdings, Inc. has a 1 year low of $34.59 and a 1 year high of $108.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Institutional Investors Weigh In On Q2

Several institutional investors have recently modified their holdings of QTWO. Price T Rowe Associates Inc. MD lifted its holdings in Q2 by 1,910.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after buying an additional 683,957 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Q2 by 13.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 25,329 shares of the technology company’s stock worth $1,331,000 after purchasing an additional 3,080 shares during the last quarter. Comerica Bank raised its holdings in Q2 by 4.4% during the first quarter. Comerica Bank now owns 172,251 shares of the technology company’s stock worth $9,054,000 after purchasing an additional 7,299 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Q2 by 67.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock worth $2,908,000 after buying an additional 22,400 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after buying an additional 169 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on QTWO. The Goldman Sachs Group upped their price objective on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and set a $100.00 price objective (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. DA Davidson upped their target price on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Compass Point lifted their price target on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley increased their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

About Q2

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.