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 $15,200 were sold by Kerr Michael S on May 14 ’24. At $61.79 per share, Kerr Michael S sold 246 shares. The insider’s holdings dropped to 69,147 shares worth approximately $4.26 million following the completion of this transaction.
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Also, Seale R. H. sold 9,000 shares, netting a total of over 450,900 in proceeds. Following the sale of shares at $50.10 each, the insider now holds 363,754 shares.
Before that, Seale R. H. had sold 9,000 shares from its account. In a trade valued at $436,410, the Director traded Q2 Holdings Inc shares for $48.49 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $22.98 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 drop of approximately -0.40%. Over the course of the year, Q2 Holdings Inc shares have jumped approximately 42.04%. Shares of the company reached a 52-week high of $64.17 on 05/20/24 and a 52-week low of $39.66 on 01/05/24. A 50-day SMA is recorded $54.61, while a 200-day SMA reached $41.86. Nevertheless, trading volume fell to 0.51 million shares from 0.41 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 60.69, which, if violated, would cause prices to drop to 59.73. In the upper region, resistance lies at 63.21. The next price resistance is at 64.77. RSI (Relative Strength Index) is 61.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 51.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
