Q2 Holdings, Inc. (QTWO) Director Sells $37,630.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $37.63, for a total value of $37,630.00. Following the transaction, the director now directly owns 6,043 shares in the company, valued at approximately $227,398.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Offerdahl also recently made the following trade(s):

  • On Monday, April 17th, James Offerdahl sold 1,000 shares of Q2 Holdings stock. The stock was sold at an average price of $35.89, for a total value of $35,890.00.

Shares of Q2 Holdings, Inc. (QTWO) traded up 0.53% during midday trading on Friday, reaching $38.10. 240,984 shares of the company were exchanged. Q2 Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $40.50. The company’s 50-day moving average price is $38.82 and its 200 day moving average price is $34.56. The stock’s market capitalization is $1.56 billion.

Q2 Holdings (NYSE:QTWO) last posted its earnings results on Wednesday, May 3rd. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. Q2 Holdings had a negative net margin of 20.96% and a negative return on equity of 23.21%. The firm had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $44.37 million. During the same quarter in the prior year, the firm earned ($271.00) EPS. Q2 Holdings’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts predict that Q2 Holdings, Inc. will post ($0.11) earnings per share for the current year.

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

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QTWO has been the topic of several research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a report on Monday, May 15th. BTIG Research upgraded shares of Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, May 15th. Needham & Company LLC reiterated a “buy” rating and set a $44.00 target price (up previously from $42.00) on shares of Q2 Holdings in a research note on Friday, May 5th. Craig Hallum set a $45.00 target price on shares of Q2 Holdings and gave the stock a “buy” rating in a research note on Friday, February 17th. Finally, ValuEngine upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.86.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Q2 Holdings by 37.5% in the fourth quarter. Macquarie Group Ltd. now owns 377,492 shares of the technology company’s stock valued at $10,891,000 after buying an additional 102,941 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Q2 Holdings during the fourth quarter worth $235,000. Russell Investments Group Ltd. bought a new stake in shares of Q2 Holdings during the fourth quarter worth $2,952,000. State Street Corp raised its stake in shares of Q2 Holdings by 7.4% in the fourth quarter. State Street Corp now owns 450,219 shares of the technology company’s stock worth $12,987,000 after buying an additional 30,998 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Q2 Holdings by 17.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 349,805 shares of the technology company’s stock worth $10,092,000 after buying an additional 52,450 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

About Q2 Holdings

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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