Q2 Holdings Inc (NYSE:QTWO) CTO Adam D. Blue sold 6,333 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $68.83, for a total transaction of $435,900.39. Following the completion of the sale, the chief technology officer now directly owns 75,741 shares in the company, valued at $5,213,253.03. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSE QTWO traded up $0.25 during mid-day trading on Friday, reaching $68.25. 539,900 shares of the stock were exchanged, compared to its average volume of 382,827. Q2 Holdings Inc has a 1 year low of $43.41 and a 1 year high of $72.00. The company has a market capitalization of $2.97 billion, a PE ratio of -184.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96.
Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 13th. The technology company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.10. The company had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $66.77 million. Q2 had a negative net margin of 14.68% and a negative return on equity of 12.18%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. On average, equities analysts expect that Q2 Holdings Inc will post -0.65 EPS for the current year.
A number of large investors have recently bought and sold shares of QTWO. Great West Life Assurance Co. Can raised its position in Q2 by 33.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,203 shares of the technology company’s stock worth $201,000 after acquiring an additional 1,042 shares during the period. Diversified Trust Co acquired a new position in Q2 during the fourth quarter worth $237,000. Virtu Financial LLC acquired a new position in Q2 during the third quarter worth $253,000. Amalgamated Bank acquired a new position in Q2 during the fourth quarter worth $266,000. Finally, Oppenheimer Asset Management Inc. raised its position in Q2 by 33.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,565 shares of the technology company’s stock worth $277,000 after acquiring an additional 1,398 shares during the period. Institutional investors own 98.35% of the company’s stock.
Q2 Company Profile
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.
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