Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Q2 Holdings Inc. shares valued at $1,780,067 were sold by Flake Matthew P on Mar 06. At $32.06 per share, Flake Matthew P sold 55,523 shares. The insider’s holdings dropped to 504,769 shares worth approximately $15.03 million following the completion of this transaction.
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Also, Breeden John E sold 17,004 shares, netting a total of over 544,978 in proceeds. Following the sale of shares at $32.05 each, the insider now holds 195,843 shares.
Before that, Rutledge Kimberly had sold 8,711 shares from its account. In a trade valued at $279,275, the EVP, People traded Q2 Holdings Inc. shares for $32.06 each. Upon closing the transaction, the insider’s holdings decreased to 8,711 shares, worth approximately $2.98 million.
As published in a research note from Robert W. Baird on January 31, 2023, Q2 Holdings Inc. [QTWO] has been rated down from an Outperform to a Neutral and the price target has been revised to $32. This represents a 6.97% premium over Thursday’s closing price. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early November. As of November 08, 2022, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for QTWO. Earlier on May 17, 2022, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for QTWO stock which previously was a “an Overweight”.
Analyzing QTWO Stock Performance
On Thursday, Q2 Holdings Inc. [NYSE: QTWO] plunged -6.97% to $29.77. The stock’s lowest price that day was $29.68, but it reached a high of $32.31 in the same session. During the last five days, there has been a drop of approximately -7.63%. Over the course of the year, Q2 Holdings Inc. shares have jumped approximately 10.79%. Shares of the company reached a 52-week high of $36.51 on 02/02/23 and a 52-week low of $26.70 on 01/03/23. A 50-day SMA is recorded $31.46, while a 200-day SMA reached $35.14. Nevertheless, trading volume fell to 0.65 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Q2 Holdings Inc. (QTWO)
According to the 24-hour chart, there is a support level at 28.86, which, if violated, would cause prices to drop to 27.96. In the upper region, resistance lies at 31.49. The next price resistance is at 33.22. RSI (Relative Strength Index) is 40.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.96, which suggests the price will decrease in the coming days. Percent R is at 97.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Q2 Holdings Inc. subject to short interest?
Stocks of Q2 Holdings Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by 70000.0 shares to 2.19 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 2.26 million shares. A decline of -3.2% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.15 of the overall float, the days-to-cover ratio (short ratio) decline to 5.15.
Which companies own the most shares of Q2 Holdings Inc. (QTWO)?
According to The Vanguard Group, Inc. filings, the company currently owns 5,367,435 shares, which is about 9.33% of the total QTWO shares outstanding. The investor’s shares have appreciated by 158,013 from its previous 13-F filing of 5209422.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $126,041,628. Brown Capital Management LLC reduced a -29.40% interest valued at $103.02 million while Wellington Management Co. LLP sold a -34,001 stake. A total of 252,906 shares of Q2 Holdings Inc. were sold by Wasatch Advisors, Inc. during the quarter, and -316,730 were sold by JPMorgan Investment Management, I. In its current portfolio, Champlain Investment Partners LLC holds 2,534,180 shares valued at $82.92 million.
In terms of Q2 Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $36.67 in the next 12 months, up nearly 10.94% from the previous closing price of $32.00. Analysts anticipate Q2 Holdings Inc. stock to reach $60.00 by 2023, with the lowest price target being $26.00. In spite of this, 15 analysts ranked Q2 Holdings Inc. stock as an Overweight at the end of 2023.