Key Points
- Q2 CEO Matthew Flake sold 20,613 shares on March 9 at an average price of $51.35 for proceeds of about $1.06M, reducing his ownership by 4.09% to 483,202 shares (≈$24.8M).
- Q2 shares traded around $50.68, below the 50-day ($59.18) and 200-day ($67.33) moving averages, with a market cap of about $3.16B and a P/E of 64.2.
- Analysts have a consensus rating of “Moderate Buy” with an average target of $79.29 despite several recent target cuts (e.g., JPMorgan, Needham), while institutions like Goldman Sachs boosted their holdings (Goldman up 21.6%, +95,440 shares).
Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) COO Himagiri Mukkamala sold 1,343 shares of Q2 stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $68,963.05. Following the sale, the chief operating officer owned 92,910 shares in the company, valued at $4,770,928.50. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Q2 Stock Up 0.5%
Shares of NYSE QTWO traded up $0.27 during trading on Thursday, reaching $50.79. 87,534 shares of the stock were exchanged, compared to its average volume of 1,085,362. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 64.31 and a beta of 1.40. The business's 50-day moving average price is $59.18 and its 200 day moving average price is $67.33. Q2 Holdings, Inc. has a twelve month low of $46.16 and a twelve month high of $96.68.
Institutional Trading of Q2
Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. Advisors Asset Management Inc. raised its stake in Q2 by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company's stock valued at $94,000 after buying an additional 154 shares in the last quarter. ANB Bank grew its position in shares of Q2 by 7.1% in the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company's stock worth $254,000 after acquiring an additional 179 shares in the last quarter. Hilltop National Bank increased its holdings in shares of Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company's stock valued at $150,000 after acquiring an additional 185 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Q2 by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company's stock valued at $5,226,000 after acquiring an additional 194 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in Q2 by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company's stock worth $662,000 after purchasing an additional 197 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on QTWO. Morgan Stanley set a $68.00 target price on Q2 in a research note on Thursday, February 12th. Needham & Company LLC reduced their price target on Q2 from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, February 12th. Stephens set a $90.00 price objective on Q2 in a research note on Friday, January 16th. UBS Group set a $67.00 target price on Q2 in a research report on Thursday, February 12th. Finally, Truist Financial reduced their target price on Q2 from $110.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Q2 has a consensus rating of "Moderate Buy" and an average price target of $79.29.
Check Out Our Latest Stock Analysis on Q2
Q2 Company Profile
(
Get Free Report)
Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company's core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2's platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.
Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.
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