Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CRO Michael A. Volanoski sold 4,178 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the transaction, the executive now directly owns 223,494 shares in the company, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Q2 Stock Down 1.0 %
NYSE:QTWO opened at $105.92 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average price of $94.11 and a 200 day moving average price of $76.98. Q2 Holdings, Inc. has a one year low of $38.04 and a one year high of $112.82.
Hedge Funds Weigh In On Q2
Large investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Q2 by 54.2% during the 2nd quarter. CWM LLC now owns 481 shares of the technology company's stock worth $29,000 after purchasing an additional 169 shares in the last quarter. SG Americas Securities LLC boosted its stake in Q2 by 1,371.6% during the second quarter. SG Americas Securities LLC now owns 48,400 shares of the technology company's stock worth $2,920,000 after buying an additional 45,111 shares in the last quarter. Raymond James & Associates increased its holdings in Q2 by 2.3% in the 2nd quarter. Raymond James & Associates now owns 109,159 shares of the technology company's stock valued at $6,586,000 after buying an additional 2,467 shares during the period. RiverPark Advisors LLC raised its stake in shares of Q2 by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company's stock valued at $406,000 after buying an additional 591 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Q2 by 2.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company's stock worth $137,184,000 after acquiring an additional 54,970 shares during the period.
Analysts Set New Price Targets
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Several equities research analysts recently commented on QTWO shares. Piper Sandler boosted their price target on Q2 from $74.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Needham & Company LLC boosted their target price on shares of Q2 from $90.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Stephens raised their price target on shares of Q2 from $75.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. BTIG Research lifted their price objective on shares of Q2 from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group upped their target price on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.50.
Check Out Our Latest Analysis on Q2
About Q2
(
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Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.
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