Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) SVP Sells 1,500 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) SVP Barry G. Benton sold 1,500 shares of Q2 stock in a transaction on Monday, November 13th. The stock was sold at an average price of $42.69, for a total transaction of $64,035.00. Following the completion of the transaction, the senior vice president now directly owns 23,487 shares of the company’s stock, valued at approximately $1,002,660.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Q2 Holdings, Inc. (NYSE:QTWO) opened at $41.40 on Monday. Q2 Holdings, Inc. has a 1-year low of $27.80 and a 1-year high of $44.35.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $50.10 million during 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 was up 30.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) earnings per share. equities analysts predict that Q2 Holdings, Inc. will post -0.48 EPS for the current year.

QTWO has been the topic of a number of analyst reports. KeyCorp reissued a “hold” rating on shares of Q2 in a research note on Wednesday, September 13th. BidaskClub raised Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Zacks Investment Research cut Q2 from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BTIG Research reaffirmed a “buy” rating and set a $47.00 target price on shares of Q2 in a research note on Sunday, November 5th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.90.

A number of large investors have recently made changes to their positions in the business. Adams Street Partners LLC grew its position in Q2 by 0.4% in the second quarter. Adams Street Partners LLC now owns 3,443,275 shares of the technology company’s stock valued at $127,060,000 after acquiring an additional 14,808 shares during the period. JPMorgan Chase & Co. grew its position in Q2 by 6.9% in the second quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock valued at $108,759,000 after acquiring an additional 190,171 shares during the period. Artisan Partners Limited Partnership grew its position in Q2 by 4.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after acquiring an additional 77,433 shares during the period. Franklin Resources Inc. grew its holdings in shares of Q2 by 55.6% during the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after purchasing an additional 536,772 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Q2 by 7.8% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,410,134 shares of the technology company’s stock worth $52,104,000 after purchasing an additional 101,616 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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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.

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

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