Insider Selling: Q2 Holdings, Inc. (QTWO) Director Sells 10,560 Shares of Stock
Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 10,560 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.72, for a total value of $408,883.20. Following the completion of the sale, the director now directly owns 383,828 shares in the company, valued at approximately $14,861,820.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Q2 Holdings, Inc. (NYSE QTWO) traded down $0.75 on Thursday, hitting $37.30. The stock had a trading volume of 170,252 shares, compared to its average volume of 220,117. Q2 Holdings, Inc. has a 12 month low of $28.30 and a 12 month high of $44.35.
Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. Q2’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) earnings per share. research analysts forecast that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System acquired a new stake in shares of Q2 during the third quarter worth $367,000. Artisan Partners Limited Partnership raised its position in shares of Q2 by 4.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock worth $68,657,000 after purchasing an additional 77,433 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Q2 by 18.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 144,668 shares of the technology company’s stock worth $6,026,000 after purchasing an additional 22,214 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Q2 during the third quarter worth $1,125,000. Finally, Axiom International Investors LLC DE raised its position in shares of Q2 by 12.9% during the third quarter. Axiom International Investors LLC DE now owns 182,129 shares of the technology company’s stock worth $7,586,000 after purchasing an additional 20,875 shares during the period. 91.41% of the stock is currently owned by institutional investors.
Q2 Company Profile
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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