Q2 Holdings Inc (NYSE:QTWO) insider William M. Furrer sold 13,771 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $39.92, for a total value of $549,738.32. Following the sale, the insider now directly owns 53,280 shares in the company, valued at approximately $2,126,937.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Q2 Holdings Inc (NYSE:QTWO) traded down 0.37% during mid-day trading on Friday, reaching $40.05. The company’s stock had a trading volume of 239,213 shares. The company’s 50-day moving average is $38.06 and its 200-day moving average is $33.82. The stock’s market capitalization is $1.64 billion. Q2 Holdings Inc has a 52 week low of $24.79 and a 52 week high of $40.50.

Q2 Holdings (NYSE:QTWO) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. Q2 Holdings had a negative net margin of 26.91% and a negative return on equity of 24.27%. The company had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.37 million. During the same quarter in the prior year, the firm posted ($271.00) earnings per share. Q2 Holdings’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts predict that Q2 Holdings Inc will post ($0.11) EPS for the current year.

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

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Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Q2 Holdings by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 2,753,225 shares of the technology company’s stock valued at $95,950,000 after buying an additional 220,164 shares during the period. Vanguard Group Inc. increased its stake in shares of Q2 Holdings by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,232,160 shares of the technology company’s stock valued at $42,941,000 after buying an additional 87,771 shares during the period. Columbia Wanger Asset Management LLC increased its stake in shares of Q2 Holdings by 241.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,005,436 shares of the technology company’s stock valued at $35,039,000 after buying an additional 710,954 shares during the period. Franklin Resources Inc. increased its stake in shares of Q2 Holdings by 180.9% in the fourth quarter. Franklin Resources Inc. now owns 800,686 shares of the technology company’s stock valued at $23,100,000 after buying an additional 515,629 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in shares of Q2 Holdings by 6.7% in the first quarter. Stephens Investment Management Group LLC now owns 731,460 shares of the technology company’s stock valued at $25,491,000 after buying an additional 46,049 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

QTWO has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 price objective on shares of Q2 Holdings in a research report on Wednesday, February 15th. Canaccord Genuity reaffirmed a “buy” rating on shares of Q2 Holdings in a research report on Thursday, February 16th. Craig Hallum set a $45.00 price target on Q2 Holdings and gave the stock a “buy” rating in a research report on Friday, February 17th. Zacks Investment Research cut Q2 Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, February 23rd. Finally, BTIG Research reaffirmed a “hold” rating on shares of Q2 Holdings in a research report on Sunday, February 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Q2 Holdings has a consensus rating of “Buy” and an average target price of $39.86.

About Q2 Holdings

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.

12 Month Chart for NYSE:QTWO

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