Insider Selling: Q2 Holdings, Inc. (QTWO) CFO Sells 10,000 Shares of Stock
Q2 Holdings, Inc. (NYSE:QTWO) CFO Jennifer Noel Harris sold 10,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.49, for a total transaction of $404,900.00. Following the completion of the sale, the chief financial officer now directly owns 74,575 shares of the company’s stock, valued at $3,019,541.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Q2 Holdings, Inc. (QTWO) traded down $0.45 during midday trading on Friday, reaching $41.40. The company’s stock had a trading volume of 273,845 shares, compared to its average volume of 221,126. Q2 Holdings, Inc. has a 12-month low of $27.80 and a 12-month high of $44.35.
Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $50.10 million for the quarter, compared to the consensus estimate of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) EPS. equities analysts expect that Q2 Holdings, Inc. will post -0.48 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in shares of Q2 by 38.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Q2 by 16,455.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after purchasing an additional 2,962 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Q2 in the 2nd quarter valued at about $111,000. BNP Paribas Arbitrage SA increased its holdings in shares of Q2 by 2,468.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock valued at $128,000 after purchasing an additional 3,332 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Q2 by 36.9% in the 2nd quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock valued at $131,000 after purchasing an additional 959 shares during the period. Institutional investors own 91.43% of the company’s stock.
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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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