Q2 Holdings, Inc. Common Stock (NYSE:QTWO) has been the object of insider selling activity recently. Barry G. Benton, Sr VP let go of $28,270 worth of shares at an average price of $28.27 on September 13th. Benton now owns $444,489 of stock as recorded in a recent Form 4 SEC filing. Director Charles T. Doyle sold 26 shares at an average price of $27.83 on Mon the 12th. The Director now owns $24,296 of the stock as reported to the SEC.
Sr VP Lorrie Schultz sold 875 shares at an average price of $28.20 on Mon the 12th. That brings the Sr VP’s holdings to $474,465 per an SEC filing yesterday.
Here are some other firms who have updated their holdings. Macquarie Group Ltd bolstered its holdings by buying 19,508 shares an increase of 8.0%. Macquarie Group Ltd now holds 262,017 shares valued at $7,342,000. The value of the position overall is up by 25.9%. As of the end of the quarter Royal Bank Of Canada had acquired a total of 410 shares growing its stake by 455.6%. The value of the investment in (QTWO) increased from $2,000 to $14,000 a change of 600.0% quarter to quarter.
Schwab Charles Investment Management Inc augmented its stake by buying 11,325 shares an increase of 16.1% from 12/31/2015 to 06/30/2016. Schwab Charles Investment Management Inc owns 81,703 shares worth $2,290,000. The total value of its holdings increased 23.4%. American Century Companies Inc trimmed its ownership by selling 50,443 shares a decrease of 13.9% in the quarter. American Century Companies Inc controls 311,591 shares with a value of $8,731,000. The total value of its holdings increased 0.3%.
On July 25 the company was downgraded from “” to “Equal-weight” in a report from Morgan Stanley. Equity analyst Needham initiated coverage setting a rating of “Buy”.
On March 14 analysts at Craig-Hallum added the stock to its research portfolio giving it an initial rating of “Buy” and setting a price target of $32.00. On March 2, 2016 First Analysis issued its first research report on the stock by announcing an initial rating of “Overweight”.
Northland Securities initiated coverage on the stock with a rating of “Outperform” and establishing a price target of $35.00. August 3 investment analysts at Stifel Nicolaus made no change to the company rating of “Buy” and raised the price expectation to $30.00 from $27.00.
In the market the company is trading up from yesterday’s close of $28.9. It is trading at $29.04 marginally over $27.91, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $26.11. The 50 day moving average moved up $1.13 and the 200 day average was up $2.93.
In the latest earnings report the EPS was $-0.90 and is estimated to be $-0.35 for the current year with 39,779,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.04 and the next full year EPS is projected to be $-0.13.