Key Points
- Insider Kimberly Anne Rutledge sold 3,187 shares on March 11 at an average price of $50.37 for $160,529, part of a string of early‑March sales that totaled 52,304 shares (~$2.65M), leaving her with 80,551 shares (a 3.81% position decrease) valued at about $4.06M.
- Q2 shares opened at $48.33 (down 0.9%) and are trading below their 50‑day ($58.29) and 200‑day ($67.00) moving averages, while Wall Street's consensus is a Moderate Buy with an average target price of $79.29 amid several recent price‑target adjustments.
Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) insider Kimberly Anne Rutledge sold 3,187 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $50.37, for a total value of $160,529.19. Following the transaction, the insider directly owned 80,551 shares of the company's stock, valued at $4,057,353.87. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Kimberly Anne Rutledge also recently made the following trade(s):
- On Monday, March 9th, Kimberly Anne Rutledge sold 4,340 shares of Q2 stock. The stock was sold at an average price of $51.35, for a total value of $222,859.00.
- On Thursday, March 5th, Kimberly Anne Rutledge sold 20,948 shares of Q2 stock. The stock was sold at an average price of $51.66, for a total value of $1,082,173.68.
- On Wednesday, March 4th, Kimberly Anne Rutledge sold 19,924 shares of Q2 stock. The shares were sold at an average price of $49.75, for a total value of $991,219.00.
- On Tuesday, March 3rd, Kimberly Anne Rutledge sold 3,905 shares of Q2 stock. The shares were sold at an average price of $49.72, for a total value of $194,156.60.
Q2 Stock Down 0.9%
NYSE:QTWO opened at $48.33 on Friday. The firm's fifty day simple moving average is $58.29 and its 200 day simple moving average is $67.00. The stock has a market cap of $3.02 billion, a P/E ratio of 61.17 and a beta of 1.40. Q2 Holdings, Inc. has a twelve month low of $46.16 and a twelve month high of $96.68.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on QTWO. Royal Bank Of Canada decreased their price target on shares of Q2 from $86.00 to $67.00 and set a "sector perform" rating for the company in a research note on Thursday, February 12th. Morgan Stanley set a $68.00 price objective on Q2 in a research report on Thursday, February 12th. UBS Group set a $67.00 target price on shares of Q2 in a research report on Thursday, February 12th. Weiss Ratings reissued a "hold (c-)" rating on shares of Q2 in a research report on Thursday, January 22nd. Finally, Truist Financial cut their price objective on shares of Q2 from $110.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Q2 currently has an average rating of "Moderate Buy" and an average target price of $79.29.
Read Our Latest Stock Report on Q2
Institutional Trading of Q2
Several institutional investors have recently added to or reduced their stakes in QTWO. Advisors Asset Management Inc. raised its holdings in shares of Q2 by 35.0% during the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company's stock valued at $68,000 after purchasing an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Q2 by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company's stock worth $2,803,000 after purchasing an additional 1,525 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Q2 by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company's stock worth $43,023,000 after purchasing an additional 95,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Q2 by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company's stock worth $14,907,000 after purchasing an additional 6,909 shares during the period. Finally, Savant Capital LLC raised its stake in Q2 by 66.4% during the 2nd quarter. Savant Capital LLC now owns 6,584 shares of the technology company's stock valued at $616,000 after buying an additional 2,627 shares during the last quarter.
About Q2
(
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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