What Did This CEO Just Do with Personal Shares of Q2 Holdings Inc (NYSE: QTWO)?

By Carrie Williams

Today, the President & CEO of Q2 Holdings Inc (QTWOResearch Report), Matthew Flake, sold shares of QTWO for $8.34M.

Following Matthew Flake’s last QTWO Sell transaction on June 07, 2019, the stock climbed by 2.6%. In addition to Matthew Flake, 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 671.1K. The Company has a Price to Book ratio of 21.4192.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $79.33, reflecting a 7.2% upside.

In the last 30 days, insiders have sold $11.53M worth of QTWO shares and purchased $1M worth of QTWO shares. The insider sentiment on Q2 Holdings Inc has been positive according to 108 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.