Q2 Holdings, Inc. (QTWO) Insider Sells $1,224,600.00 in Stock
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.
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.
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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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