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AUSTIN, Texas—Jonathan Price, the Chief Financial Officer of Q2 Holdings , Inc. (NYSE:QTWO), recently sold a significant portion of the company’s stock. According to a filing with the Securities and Exchange Commission, Price sold 26,130 shares of common stock on February 21, 2025. The shares were sold at a weighted average price of $88.82, amounting to a total transaction value of approximately $2.32 million. The transaction comes as Q2 Holdings, with a market capitalization of $5.2 billion, has seen its stock deliver an impressive 84.7% return over the past year. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
This sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which Price adopted on November 22, 2024. The shares were sold at prices ranging from $88.7355 to $89.3411 per share.
In addition to the sale, Price also exercised options to acquire 11,641 shares of common stock at a price of $47 per share, marking a total exercise value of $547,127. Following these transactions, Price holds 200,114 shares of Q2 Holdings directly.
Q2 Holdings, headquartered in Austin, Texas, is a provider of digital banking solutions. The company continues to be a significant player in the prepackaged software industry, demonstrating solid revenue growth of 11.5% in the last twelve months. Get deeper insights into Q2 Holdings’ financials and growth prospects with a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Q2 Holdings reported strong fourth-quarter results for 2024, with subscription Annual Recurring Revenue (ARR) increasing by 15% year-over-year and a 21% rise in its backlog. The company also secured contracts with several Tier 1 and enterprise clients, contributing to a 16.4% growth in subscription revenue. This positive performance has led to an optimistic outlook for 2025, with the company adjusting its long-term targets for enhanced subscription revenue growth and improved margins. Following these results, several analysts have raised their price targets for Q2 Holdings. Needham increased its target to $125, maintaining a Buy rating, while RBC Capital Markets adjusted its target to $108, keeping a Sector Perform rating. Citi raised its price target to $100 with a Neutral rating, and Raymond (NSE:RYMD) James increased it to $110, upholding an Outperform rating. Additionally, Q2 Holdings announced the appointment of Andre Mintz to its board of directors, enhancing the board’s expertise in technology and cybersecurity. Mintz’s extensive experience is expected to support the company in its strategic growth and regulatory navigation.
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