Q2 Holdings Inc (NYSE:QTWO) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 4,656,100 shares, an increase of 7.6% from the June 15th total of 4,325,300 shares. Approximately 12.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 493,700 shares, the short-interest ratio is presently 9.4 days.

In related news, CFO Jennifer Noel Harris sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $70.22, for a total transaction of $1,053,300.00. Following the transaction, the chief financial officer now directly owns 129,865 shares of the company’s stock, valued at approximately $9,119,120.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew P. Flake sold 120,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $69.50, for a total value of $8,340,000.00. Following the transaction, the insider now directly owns 298,999 shares in the company, valued at $20,780,430.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 543,754 shares of company stock worth $40,368,936. 12.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QTWO. Valeo Financial Advisors LLC raised its stake in Q2 by 67.4% during the second quarter. Valeo Financial Advisors LLC now owns 385 shares of the technology company’s stock valued at $29,000 after buying an additional 155 shares during the last quarter. Tortoise Index Solutions LLC purchased a new position in Q2 during the first quarter valued at $39,000. Pearl River Capital LLC purchased a new position in Q2 during the first quarter valued at $76,000. Marshall Wace North America L.P. raised its stake in Q2 by 82.2% during the first quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock valued at $125,000 after buying an additional 812 shares during the last quarter. Finally, Strs Ohio purchased a new position in Q2 during the first quarter valued at $145,000. Institutional investors own 98.71% of the company’s stock.

A number of equities analysts have commented on QTWO shares. William Blair started coverage on Q2 in a research note on Monday, April 1st. They issued an “outperform” rating and a $69.71 price target on the stock. Wells Fargo & Co decreased their price target on Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Stephens cut Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 price target on the stock. in a research note on Wednesday, April 3rd. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Finally, Craig Hallum decreased their price target on Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Q2 currently has a consensus rating of “Buy” and a consensus price target of $71.73.

Shares of QTWO stock traded up $1.24 during trading hours on Friday, reaching $80.07. The company’s stock had a trading volume of 409,094 shares, compared to its average volume of 392,313. The company has a market capitalization of $3.54 billion, a PE ratio of -216.41 and a beta of 1.40. Q2 has a one year low of $43.41 and a one year high of $81.80. The business’s fifty day moving average is $77.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.21). The business had revenue of $71.30 million during the quarter, compared to the consensus estimate of $70.67 million. Q2 had a negative return on equity of 16.48% and a negative net margin of 18.89%. Q2’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Analysts expect that Q2 will post -0.65 earnings per share for the current year.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

Read More: Guidelines for Successful Channel Trading

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.