Insider Selling: Q2 Holdings, Inc. (QTWO) EVP Sells 10,000 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) EVP John E. Breeden sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $41.50, for a total value of $415,000.00. Following the transaction, the executive vice president now directly owns 64,694 shares in the company, valued at approximately $2,684,801. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Q2 Holdings, Inc. (NYSE QTWO) traded up 0.47% during trading on Friday, hitting $42.35. The company had a trading volume of 127,584 shares. The company’s market cap is $1.75 billion. Q2 Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $43.03. The company’s 50 day moving average price is $41.02 and its 200-day moving average price is $39.04.

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Several large investors have recently made changes to their positions in QTWO. Franklin Resources Inc. grew its position in shares of Q2 Holdings by 55.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after buying an additional 536,772 shares during the last quarter. Penn Capital Management Co. Inc. grew its position in shares of Q2 Holdings by 3,059.9% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock valued at $11,243,000 after buying an additional 294,207 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Q2 Holdings by 6.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock valued at $108,759,000 after buying an additional 190,171 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Q2 Holdings by 169.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 247,389 shares of the technology company’s stock valued at $9,141,000 after buying an additional 155,427 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Q2 Holdings by 38.0% during the 2nd quarter. New York State Common Retirement Fund now owns 466,517 shares of the technology company’s stock valued at $17,238,000 after buying an additional 128,521 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on QTWO shares. KeyCorp reaffirmed a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Zacks Investment Research raised Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a report on Tuesday, August 1st. Finally, BidaskClub raised Q2 Holdings from a “hold” rating to a “buy” rating in a report on Sunday, October 15th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.13.

About Q2 Holdings

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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

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