Today it was reported that a Director at Q2 Holdings Inc (QTWO), Michael Maples, exercised options to sell 44,817 QTWO shares at $9.43 a share, for a total transaction value of $3.19M.
Following Michael Maples’ last QTWO Sell transaction on May 24, 2018, the stock climbed by 13.1%. In addition to Michael Maples, one other QTWO executive reported Sell trades in the last month.
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Based on Q2 Holdings Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $71.3 million and GAAP net loss of $19.31 million. In comparison, last year the company earned revenue of $54.81 million and had a GAAP net loss of $6.05 million. Currently, Q2 Holdings Inc has an average volume of 156.3K. The Company has a Price to Book ratio of 20.6984.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy QTWO with a $79 price target. Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $76.55, reflecting a 7.1% upside.
In the last 30 days, insiders have sold $3.19M worth of QTWO shares and purchased $137.8K worth of QTWO shares. The insider sentiment on Q2 Holdings Inc has been neutral according to 109 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Q2 Holdings, Inc. engages in the provision of digital banking solutions. Its services offers security, advisory, web services, custom services and end user marketing solutions. The company was founded by Robert H. Seale III on March 31, 2005 and is headquartered in Austin, TX.
