The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Q2 Holdings Inc shares valued at $436,410 were sold by Seale R. H. on Mar 15 ’24. At $48.49 per share, Seale R. H. sold 9,000 shares. The insider’s holdings dropped to 372,754 shares worth approximately $19.53 million following the completion of this transaction.
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Also, Flake Matthew P sold 8,820 shares, netting a total of over 437,296 in proceeds. Following the sale of shares at $49.58 each, the insider now holds 372,155 shares.
Before that, Breeden John E had sold 3,725 shares from its account. In a trade valued at $184,686, the Chief Operating Officer traded Q2 Holdings Inc shares for $49.58 each. Upon closing the transaction, the insider’s holdings decreased to 3,725 shares, worth approximately $7.36 million.
As published in a research note from Piper Sandler on December 13, 2023, Q2 Holdings Inc [QTWO] has been rated up from an Underweight to a Neutral and the price target has been revised to $41 from $30. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of August 07, 2023, Canaccord Genuity has increased its “Hold” rating to a “Buy” for QTWO. Earlier on July 24, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for QTWO stock which previously was a “a Neutral”.
Analyzing QTWO Stock Performance
During the last five days, there has been a surge of approximately 7.58%. Over the course of the year, Q2 Holdings Inc shares have jumped approximately 20.69%. Shares of the company reached a 52-week high of $52.58 on 03/21/24 and a 52-week low of $39.66 on 01/05/24. A 50-day SMA is recorded $45.05, while a 200-day SMA reached $36.74. Nevertheless, trading volume fell to 0.76 million shares from 0.9 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 51.60, which, if violated, would cause prices to drop to 50.80. In the upper region, resistance lies at 52.88. The next price resistance is at 53.37. RSI (Relative Strength Index) is 70.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.26, which suggests the price will increase in the coming days. Percent R is at 2.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Q2 Holdings Inc subject to short interest?
Stocks of Q2 Holdings Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.43 million shares to 2.64 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 2.21 million shares. A jump of 16.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.45.
