Insider Selling: Q2 Holdings Inc. (QTWO) Director Sells 25,000 Shares of Stock
Q2 Holdings Inc. (NYSE:QTWO) Director R. H. Seale sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $28.13, for a total transaction of $703,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Q2 Holdings Inc. (NYSE:QTWO) opened at 28.10 on Friday. The firm’s 50-day moving average is $28.48 and its 200-day moving average is $26.60. Q2 Holdings Inc. has a 1-year low of $16.43 and a 1-year high of $30.73. The company’s market cap is $1.12 billion.
Q2 Holdings (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.13. Q2 Holdings had a negative return on equity of 22.39% and a negative net margin of 27.14%. The business had revenue of $36 million for the quarter, compared to analysts’ expectations of $35.66 million. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. On average, equities analysts forecast that Q2 Holdings Inc. will post ($0.35) earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of QTWO. JPMorgan Chase & Co. raised its stake in shares of Q2 Holdings by 28.9% in the first quarter. JPMorgan Chase & Co. now owns 1,773,208 shares of the company’s stock worth $42,628,000 after buying an additional 397,939 shares during the last quarter. Columbia Wanger Asset Management LLC raised its stake in shares of Q2 Holdings by 119.8% in the second quarter. Columbia Wanger Asset Management LLC now owns 689,760 shares of the company’s stock worth $19,327,000 after buying an additional 375,988 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Q2 Holdings during the second quarter worth $8,232,000. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Q2 Holdings by 38.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 805,248 shares of the company’s stock worth $22,563,000 after buying an additional 224,779 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Q2 Holdings by 54.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 594,154 shares of the company’s stock worth $16,648,000 after buying an additional 210,702 shares during the last quarter. Institutional investors and hedge funds own 89.16% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Q2 Holdings in a research note on Monday, August 29th. RBC Capital Markets reiterated an “outperform” rating and issued a $31.00 price objective (up previously from $27.00) on shares of Q2 Holdings in a research note on Friday, August 5th. Royal Bank Of Canada increased their price objective on shares of Q2 Holdings from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Finally, BTIG Research reiterated a “buy” rating and issued a $32.00 price objective on shares of Q2 Holdings in a research note on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.50.
About Q2 Holdings
Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.
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