Q2 Holdings Inc (QTWO) CFO Jennifer Noel Harris Sells 18,338 Shares

Q2 Holdings Inc (NYSE:QTWO) CFO Jennifer Noel Harris sold 18,338 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $65.18, for a total transaction of $1,195,270.84. Following the completion of the transaction, the chief financial officer now owns 97,167 shares in the company, valued at approximately $6,333,345.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jennifer Noel Harris also recently made the following trade(s):

Get Q2 alerts: On Tuesday, February 19th, Jennifer Noel Harris sold 7,275 shares of Q2 stock. The shares were sold at an average price of $64.99, for a total transaction of $472,802.25. On Monday, December 3rd, Jennifer Noel Harris sold 20,000 shares of Q2 stock. The shares were sold at an average price of $52.31, for a total transaction of $1,046,200.00.

Shares of QTWO opened at $67.49 on Friday. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $67.98. The firm has a market cap of $2.94 billion, a PE ratio of -182.41 and a beta of 1.51. The company has a current ratio of 2.96, a quick ratio of 5.62 and a debt-to-equity ratio of 1.15.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. Q2 had a negative net margin of 14.68% and a negative return on equity of 12.18%. The business had revenue of $67.20 million for the quarter, compared to analyst estimates of $66.77 million. During the same period last year, the business posted $0.05 EPS. Q2’s revenue was up 30.0% compared to the same quarter last year. Equities research analysts forecast that Q2 Holdings Inc will post -0.63 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Q2 by 32.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,239,978 shares of the technology company’s stock valued at $196,181,000 after buying an additional 798,614 shares during the last quarter. Vanguard Group Inc grew its stake in Q2 by 32.7% in the 3rd quarter. Vanguard Group Inc now owns 3,239,978 shares of the technology company’s stock valued at $196,181,000 after buying an additional 798,614 shares during the last quarter. BlackRock Inc. grew its stake in Q2 by 5.9% in the 4th quarter. BlackRock Inc. now owns 2,683,111 shares of the technology company’s stock valued at $132,948,000 after buying an additional 150,440 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Q2 by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock valued at $157,519,000 after buying an additional 106,651 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Q2 by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,287,343 shares of the technology company’s stock valued at $77,949,000 after buying an additional 51,252 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Several research analysts have recently commented on the stock. DA Davidson lowered 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 research note on Friday, February 15th. BTIG Research lowered shares of Q2 from a “buy” rating to a “neutral” rating in a research note on Thursday, February 14th. JPMorgan Chase & Co. dropped their price target on shares of Q2 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 7th. Royal Bank of Canada increased their price target on shares of Q2 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 15th. Finally, Stephens upgraded shares of Q2 from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $60.00 to $59.00 in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.71.

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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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