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.

A number of equities research analysts have weighed in on QTWO shares. KeyCorp reissued a “hold” rating on shares of Q2 in a report on Wednesday, September 13th. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Q2 from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BTIG Research reissued a “buy” rating and issued a $47.00 price target on shares of Q2 in a report on Sunday, November 5th. Finally, SunTrust Banks reissued a “buy” rating on shares of Q2 in a report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.90.

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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About Q2

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.

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

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