Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) Director Sells 1,000 Shares of Stock
Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $38.29, for a total transaction of $38,290.00. Following the sale, the director now directly owns 4,043 shares in the company, valued at approximately $154,806.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
James Offerdahl also recently made the following trade(s):
- On Thursday, June 15th, James Offerdahl sold 1,000 shares of Q2 Holdings stock. The shares were sold at an average price of $37.63, for a total transaction of $37,630.00.
Shares of Q2 Holdings, Inc. (QTWO) traded up 1.56% during midday trading on Wednesday, hitting $39.15. 141,279 shares of the stock traded hands. The company’s 50 day moving average price is $38.10 and its 200-day moving average price is $35.85. Q2 Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $40.50. The stock’s market cap is $1.60 billion.
Q2 Holdings (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. The firm had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.37 million. Q2 Holdings had a negative return on equity of 23.21% and a negative net margin of 20.96%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($271.00) earnings per share. On average, equities research analysts expect that Q2 Holdings, Inc. will post ($0.12) EPS for the current year.
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A number of equities research analysts recently issued reports on QTWO shares. Canaccord Genuity reaffirmed a “buy” rating and set a $43.00 price target on shares of Q2 Holdings in a research note on Friday, May 5th. BTIG Research raised shares of Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Friday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Q2 Holdings in a research note on Friday, May 5th. ValuEngine raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, SunTrust Banks, Inc. started coverage on shares of Q2 Holdings in a research note on Monday, June 26th. They set a “buy” rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $40.50.
A number of institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Q2 Holdings by 7.4% in the fourth quarter. State Street Corp now owns 450,219 shares of the technology company’s stock worth $12,987,000 after buying an additional 30,998 shares during the period. Teachers Advisors LLC increased its position in shares of Q2 Holdings by 13.3% in the fourth quarter. Teachers Advisors LLC now owns 46,352 shares of the technology company’s stock worth $1,337,000 after buying an additional 5,426 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Q2 Holdings during the fourth quarter worth about $235,000. Macquarie Group Ltd. increased its position in shares of Q2 Holdings by 37.5% in the fourth quarter. Macquarie Group Ltd. now owns 377,492 shares of the technology company’s stock worth $10,891,000 after buying an additional 102,941 shares during the period. Finally, Columbus Circle Investors acquired a new position in shares of Q2 Holdings during the first quarter worth about $5,613,000. 93.74% of the stock is owned by hedge funds and other institutional investors.
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.
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