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 $2,107,376 were sold by Diehl Jeffrey T on Aug 26 ’24. At $75.25 per share, Diehl Jeffrey T sold 28,005 shares. The insider’s holdings dropped to 397,702 shares worth approximately $29.19 million following the completion of this transaction.
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Also, Diehl Jeffrey T sold 22,867 shares, netting a total of over 1,700,161 in proceeds. Following the sale of shares at $74.35 each, the insider now holds 374,835 shares.
Before that, JAMES OFFERDAHL had added 1,561 shares to its account. In a trade valued at $116,294, the Director bought Q2 Holdings Inc shares for $74.50 each.
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 surge of approximately 0.34%. Over the course of the year, Q2 Holdings Inc shares have jumped approximately 69.09%. Shares of the company reached a 52-week high of $75.94 on 08/01/24 and a 52-week low of $39.66 on 01/05/24. A 50-day SMA is recorded $66.46, while a 200-day SMA reached $52.70. Nevertheless, trading volume fell to 0.61 million shares from 0.31 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 72.72, which, if violated, would cause prices to drop to 72.03. In the upper region, resistance lies at 74.45. The next price resistance is at 75.49. RSI (Relative Strength Index) is 60.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.10, which suggests the price will increase in the coming days. Percent R is at 25.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
