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 $126,945 were sold by Rutledge Kimberly Anne on Jul 11 ’24. At $65.00 per share, Rutledge Kimberly Anne sold 1,953 shares. The insider’s holdings dropped to 115,436 shares worth approximately $7.67 million following the completion of this transaction.
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Also, Price Jonathan sold 11,000 shares, netting a total of over 660,000 in proceeds. Following the sale of shares at $60.00 each, the insider now holds 226,079 shares.
Before that, Diehl Jeffrey T had sold 28,194 shares from its account. In a trade valued at $1,728,292, the Director traded Q2 Holdings Inc shares for $61.30 each. Upon closing the transaction, the insider’s holdings decreased to 28,194 shares, worth approximately $38.55 million.
As published in a research note from DA Davidson on July 24, 2024, Q2 Holdings Inc [QTWO] has been rated down from a Buy to a Neutral and the price target has been revised to $76 from $65. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of December 07, 2023, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for QTWO. Earlier on August 07, 2023, Canaccord Genuity upgraded its rating. Their new recommendation was “a Buy” for QTWO stock which previously was a “a Hold”.
Analyzing QTWO Stock Performance
During the last five days, there has been a drop of approximately -3.23%. Over the course of the year, Q2 Holdings Inc shares have jumped approximately 53.05%. Shares of the company reached a 52-week high of $71.08 on 07/23/24 and a 52-week low of $39.66 on 01/05/24. A 50-day SMA is recorded $62.00, while a 200-day SMA reached $47.96. Nevertheless, trading volume fell to 0.57 million shares from 0.7 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 65.51, which, if violated, would cause prices to drop to 64.58. In the upper region, resistance lies at 68.00. The next price resistance is at 69.56. RSI (Relative Strength Index) is 56.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.63, which suggests the price will increase in the coming days. Percent R is at 41.88%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
