Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 1.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 138,235 shares of the technology company’s stock after selling 2,232 shares during the period. Motley Fool Wealth Management LLC’s holdings in Q2 were worth $11,027,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Edgestream Partners L.P. raised its position in shares of Q2 by 99.2% in the 3rd quarter. Edgestream Partners L.P. now owns 76,361 shares of the technology company’s stock worth $6,091,000 after buying an additional 38,021 shares during the period. Captrust Financial Advisors raised its holdings in shares of Q2 by 20.1% in the 3rd quarter. Captrust Financial Advisors now owns 4,892 shares of the technology company’s stock worth $390,000 after purchasing an additional 820 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of Q2 in the 3rd quarter worth about $9,847,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Q2 by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,307 shares of the technology company’s stock worth $1,061,000 after purchasing an additional 1,584 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Q2 by 32.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock worth $2,451,000 after purchasing an additional 7,475 shares in the last quarter.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 548 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael S. Kerr sold 517 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the transaction, the general counsel now owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,493 shares of company stock worth $196,863. 3.00% of the stock is currently owned by insiders.

Q2 Stock Performance

QTWO stock opened at $109.18 on Wednesday. The firm has a market cap of $6.59 billion, a P/E ratio of -113.73 and a beta of 1.60. The stock’s 50 day simple moving average is $90.00 and its 200 day simple moving average is $74.96. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 12-month low of $36.93 and a 12-month high of $111.85.

Analyst Ratings Changes

Several equities research analysts have issued reports on QTWO shares. Morgan Stanley boosted their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Stephens increased their price target on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Citigroup cut Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. Needham & Company LLC increased their target price on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their price target on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.