Q2 Holdings, Inc. (NYSE:QTWO) insider Adam D. Blue sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.82, for a total transaction of $1,224,600.00. Following the completion of the sale, the insider now owns 50,805 shares of the company’s stock, valued at approximately $2,073,860.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Q2 Holdings, Inc. (NYSE:QTWO) traded down $0.45 during trading hours on Friday, reaching $41.40. 273,845 shares of the company’s stock traded hands, compared to its average volume of 221,126. Q2 Holdings, Inc. has a 52-week low of $27.80 and a 52-week high of $44.35.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) earnings per share. equities research analysts anticipate that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

QTWO has been the subject of several recent research reports. KeyCorp restated a “hold” rating on shares of Q2 in a report on Wednesday, September 13th. BidaskClub upgraded 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 restated a “buy” rating and set a $47.00 target price on shares of Q2 in a report on Sunday, November 5th. Finally, SunTrust Banks restated a “buy” rating on shares of Q2 in a report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Q2 currently has an average rating of “Buy” and an average target price of $44.90.

Several hedge funds and other institutional investors have recently modified their holdings of QTWO. Vanguard Group Inc. grew its holdings in shares of Q2 by 7.7% during the first quarter. Vanguard Group Inc. now owns 1,232,160 shares of the technology company’s stock worth $42,941,000 after buying an additional 87,771 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Q2 by 8.5% during the first quarter. Geode Capital Management LLC now owns 211,319 shares of the technology company’s stock worth $7,364,000 after buying an additional 16,496 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Q2 during the first quarter worth about $2,649,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Q2 by 6.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 108,620 shares of the technology company’s stock worth $3,786,000 after buying an additional 6,474 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Q2 by 3.1% during the first quarter. State Street Corp now owns 463,966 shares of the technology company’s stock worth $16,171,000 after buying an additional 13,747 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/q2-holdings-inc-qtwo-insider-sells-1224600-00-in-stock.html.

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)

Receive News & Ratings for Q2 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.