Q2 Holdings Inc (QTWO) CEO Matthew P. Flake Sells 45,150 Shares

Q2 Holdings Inc (NYSE:QTWO) CEO Matthew P. Flake sold 45,150 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $43.13, for a total transaction of $1,947,319.50. Following the completion of the transaction, the chief executive officer now owns 201,761 shares of the company’s stock, valued at $8,701,951.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Q2 Holdings Inc (NYSE QTWO) traded up $0.60 during trading hours on Friday, hitting $45.90. 402,147 shares of the company were exchanged, compared to its average volume of 326,038. Q2 Holdings Inc has a 12-month low of $31.95 and a 12-month high of $46.40. The company has a market capitalization of $1,891.27, a price-to-earnings ratio of -72.18 and a beta of 1.59.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The firm had revenue of $51.70 million during the quarter, compared to analyst estimates of $51.70 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Q2’s revenue for the quarter was up 22.5% on a year-over-year basis. analysts anticipate that Q2 Holdings Inc will post -0.43 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new position in shares of Q2 during the fourth quarter worth $546,000. Macquarie Group Ltd. boosted its position in shares of Q2 by 11.5% during the fourth quarter. Macquarie Group Ltd. now owns 796,669 shares of the technology company’s stock worth $29,357,000 after acquiring an additional 82,441 shares during the last quarter. HBK Investments L P boosted its position in shares of Q2 by 65.0% during the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock worth $365,000 after acquiring an additional 3,900 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Q2 by 595.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 216,129 shares of the technology company’s stock worth $7,964,000 after acquiring an additional 185,052 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Q2 by 110.8% during the fourth quarter. Deutsche Bank AG now owns 92,088 shares of the technology company’s stock worth $3,390,000 after acquiring an additional 48,405 shares during the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.

A number of research firms have weighed in on QTWO. Zacks Investment Research lowered shares of Q2 from a “hold” rating to a “sell” rating in a research report on Thursday. Morgan Stanley upped their price target on shares of Q2 from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, February 16th. Needham & Company LLC upped their price target on shares of Q2 from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price target on shares of Q2 in a research report on Friday, February 16th. Finally, Wells Fargo & Co began coverage on shares of Q2 in a research report on Thursday, February 8th. They issued an “outperform” rating and a $50.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.58.

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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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