Q2 Holdings Inc (QTWO) Director Carl James Schaper Sells 20,000 Shares

Q2 Holdings Inc (NYSE:QTWO) Director Carl James Schaper sold 20,000 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $36.86, for a total transaction of $737,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Carl James Schaper also recently made the following trade(s):

  • On Saturday, December 29th, Carl James Schaper sold 20,000 shares of Q2 stock. The stock was sold at an average price of $36.86, for a total transaction of $737,200.00.

Shares of Q2 Holdings Inc (NYSE:QTWO) traded up $1.20 during mid-day trading on Wednesday, reaching $39.40. 347,976 shares of the company’s stock were exchanged, compared to its average volume of 316,588. Q2 Holdings Inc has a 52-week low of $28.30 and a 52-week high of $44.35. The firm has a market cap of $1,535.63, a price-to-earnings ratio of -57.10 and a beta of 1.52.

Q2 (NYSE:QTWO) last issued its quarterly earnings data 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 firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.24) EPS. analysts forecast that Q2 Holdings Inc will post -0.48 EPS for the current fiscal year.

QTWO has been the subject of a number of research reports. KeyCorp reaffirmed a “hold” rating on shares of Q2 in a research report on Wednesday, September 13th. JPMorgan Chase & Co. cut shares of Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price target for the company. in a research report on Tuesday, December 12th. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Q2 from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, BTIG Research reiterated a “buy” rating and issued a $47.00 price objective on shares of Q2 in a report on Sunday, November 5th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Q2 currently has a consensus rating of “Buy” and an average price target of $45.36.

Institutional investors have recently modified their holdings of the company. Hennessy Advisors Inc. acquired a new stake in shares of Q2 in the 2nd quarter valued at about $924,000. Franklin Resources Inc. raised its stake in shares of Q2 by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after purchasing an additional 536,772 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Q2 by 4.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after purchasing an additional 77,433 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Q2 in the 2nd quarter valued at about $515,000. Finally, First Trust Advisors LP raised its stake in shares of Q2 by 213.2% in the 2nd quarter. First Trust Advisors LP now owns 52,950 shares of the technology company’s stock valued at $1,957,000 after purchasing an additional 36,046 shares in the last quarter. Institutional investors and hedge funds own 91.41% 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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