Q2 Holdings Inc’s recently made public that its Director Seale R. H. unloaded Company’s shares for reported $0.44 million on Mar 15 ’24. In the deal valued at $48.49 per share,9,000 shares were sold. As a result of this transaction, Seale R. H. now holds 372,754 shares worth roughly $18.68 million.
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Then, Flake Matthew P sold 8,820 shares, generating $437,296 in total proceeds. Upon selling the shares at $49.58, the Chief Executive Officer now owns 372,155 shares.
Before that, Breeden John E sold 3,725 shares. Q2 Holdings Inc shares valued at $184,686 were divested by the Chief Operating Officer at a price of $49.58 per share. As a result of the transaction, Breeden John E now holds 140,463 shares, worth roughly $7.04 million.
Piper Sandler upgraded its Q2 Holdings Inc [QTWO] rating to a Neutral from a an Underweight in a research note published on December 13, 2023; the price target was increased to $41 from $30. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in early December from “an Equal-weight” to “an Overweight”. Canaccord Genuity also remained covering QTWO and has increased its forecast on August 07, 2023 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on July 24, 2023. It rated QTWO as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of QTWO
On Monday, Q2 Holdings Inc [NYSE:QTWO] saw its stock fall -2.45% to $50.11. Over the last five days, the stock has gained 1.38%. Q2 Holdings Inc shares have risen nearly 15.43% since the year began. Nevertheless, the stocks have risen 120.07% over the past one year. While a 52-week high of $52.58 was reached on 03/21/24, a 52-week low of $21.21 was recorded on 01/05/24. SMA at 50 days reached $45.38, while 200 days put it at $36.97. A total of 0.52 million shares were traded, compared to the trading of 0.92 million shares in the previous session.
Levels Of Support And Resistance For QTWO Stock
The 24-hour chart illustrates a support level at 49.53, which if violated will result in even more drops to 48.95. On the upside, there is a resistance level at 51.10. A further resistance level may holdings at 52.09. The Relative Strength Index (RSI) on the 14-day chart is 58.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.01%. Stochastics %K at 81.56% indicates the stock is a selling.
How much short interest is there in Q2 Holdings Inc?
A steep rise in short interest was recorded in Q2 Holdings Inc stocks on Feb 29, 2024, growing by 0.43 million shares to a total of 2.64 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.21 million shares. There was a rise of 16.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.45.
The most recent change occurred on July 12, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.
