Q2 Holdings Inc (QTWO) CTO Adam D. Blue Sells 6,333 Shares

Share on StockTwits

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.

Several research firms have recently commented on QTWO. BTIG Research downgraded shares of Q2 from a “buy” rating to a “neutral” rating in a report on Thursday, February 14th. DA Davidson downgraded shares of Q2 from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $48.00 to $52.00 in a report on Friday, February 15th. KeyCorp increased their price target on shares of Q2 from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Royal Bank of Canada increased their price target on shares of Q2 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 15th. Finally, JPMorgan Chase & Co. raised shares of Q2 from a “neutral” rating to an “overweight” rating and set a $49.92 price target on the stock in a report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.33.

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.

ILLEGAL ACTIVITY NOTICE: This piece was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4224421/q2-holdings-inc-qtwo-cto-adam-d-blue-sells-6333-shares.html.

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.

Recommended Story: Momentum Investing

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Hino Motors  & Morgan Advanced Materials  Head-To-Head Survey
Hino Motors & Morgan Advanced Materials Head-To-Head Survey
Lindbrook Capital LLC Has $2.50 Million Position in iShares Russell 2000 ETF
Lindbrook Capital LLC Has $2.50 Million Position in iShares Russell 2000 ETF
Endorsit  Market Capitalization Achieves $0.00
Endorsit Market Capitalization Achieves $0.00
Italian Lira  24 Hour Volume Tops $3,095.00
Italian Lira 24 Hour Volume Tops $3,095.00
Brokers Set Expectations for Anthem Inc’s Q3 2019 Earnings
Brokers Set Expectations for Anthem Inc’s Q3 2019 Earnings
Grand Canyon Education  Cut to “Hold” at Zacks Investment Research
Grand Canyon Education Cut to “Hold” at Zacks Investment Research


© 2006-2019 Ticker Report