Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Q2 Holdings Inc shares valued at $4,444,256 were sold by Diehl Jeffrey T on Nov 26 ’24. At $106.76 per share, Diehl Jeffrey T sold 41,627 shares. The insider’s holdings dropped to 2,892 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Diehl Jeffrey T purchased 41,627 shares, netting a total of over 4,444,270 in proceeds.
Before that, Offerdahl James had sold 548 shares from its account. In a trade valued at $57,513, the Director traded Q2 Holdings Inc shares for $104.95 each. Upon closing the transaction, the insider’s holdings decreased to 548 shares, worth approximately $1.91 million.
As published in a research note from Citigroup on October 18, 2024, Q2 Holdings Inc [QTWO] has been rated down from a Buy to a Neutral and the price target has been revised to $90 from $72. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of July 24, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for QTWO. Earlier on December 13, 2023, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for QTWO stock which previously was a “an Underweight”.
Analyzing QTWO Stock Performance
During the last five days, there has been a surge of approximately 3.01%. Over the course of the year, Q2 Holdings Inc shares have jumped approximately 140.70%. Shares of the company reached a 52-week high of $108.00 on 11/26/24 and a 52-week low of $39.66 on 01/05/24. A 50-day SMA is recorded $87.89, while a 200-day SMA reached $66.90. Nevertheless, trading volume fell to 0.59 million shares from 0.89 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 103.15, which, if violated, would cause prices to drop to 101.80. In the upper region, resistance lies at 106.52. The next price resistance is at 108.54. RSI (Relative Strength Index) is 67.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.96, which suggests the price will increase in the coming days. Percent R is at 27.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
