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An Analysis of Q2 Holdings Inc (QTWO)’s Potential Price Growth

Q2 Holdings Inc’s recently made public that its EVP, Strategy & Emerging Bus. Price Jonathan unloaded Company’s shares for reported $0.66 million on Jun 27 ’24. In the deal valued at $60.00 per share,11,000 shares were sold. As a result of this transaction, Price Jonathan now holds 226,079 shares worth roughly $13.64 million.

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Then, Diehl Jeffrey T sold 28,194 shares, generating $1,728,292 in total proceeds. Upon selling the shares at $61.30, the Director now owns 580,209 shares.

Before that, Volanoski Michael A. sold 3,440 shares. Q2 Holdings Inc shares valued at $210,081 were divested by the Chief Revenue Officer at a price of $61.07 per share. As a result of the transaction, Volanoski Michael A. now holds 233,401 shares, worth roughly $14.08 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 Friday, Q2 Holdings Inc [NYSE:QTWO] saw its stock fall -0.33% to $60.33. Over the last five days, the stock has gained 5.55%. Q2 Holdings Inc shares have risen nearly 38.98% since the year began. Nevertheless, the stocks have risen 99.17% over the past one year. While a 52-week high of $64.17 was reached on 05/20/24, a 52-week low of $28.91 was recorded on 01/05/24. SMA at 50 days reached $58.96, while 200 days put it at $45.16. A total of 1.42 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For QTWO Stock

The 24-hour chart illustrates a support level at 59.33, which if violated will result in even more drops to 58.34. On the upside, there is a resistance level at 61.33. A further resistance level may holdings at 62.34. The Relative Strength Index (RSI) on the 14-day chart is 55.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.70%. Stochastics%K at 66.66% indicates the stock is a holding.

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.

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