Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Jonathan Price, the Chief Financial Officer of Q2 Holdings , Inc. (NYSE:QTWO), a $4.4 billion market cap company showing 11.5% revenue growth, recently executed several transactions involving the company’s common stock, as reported in a Form 4 filing with the Securities and Exchange Commission. On March 12, Price sold 11,094 shares at a price of $74.12 per share, totaling approximately $822,287.
Further sales on the same day involved 17,147 shares at a weighted average price of $74.39, and 14,411 shares at $74.53, contributing to a total value of $3,640,426. On March 13, Price sold an additional 17,709 shares at a weighted average price of $72.89, adding to the overall transaction value. These sales were part of a pre-arranged trading plan under Rule 10b5-1, adopted by Price in November 2024. According to InvestingPro data, QTWO’s stock has shown significant volatility recently, with the price falling notably over the past three months.
The transactions resulted in a total sale value of approximately $4.46 million. Following these sales, Price’s direct ownership of Q2 Holdings stands at 191,669 shares. While the company operates with moderate debt levels, InvestingPro analysis reveals 12 additional key insights about QTWO’s financial health and future prospects, available in the comprehensive Pro Research Report.
In other recent news, Q2 Holdings reported strong fourth-quarter earnings with a notable 16.4% year-over-year growth in subscription revenue. The company’s Annual Recurring Revenue (ARR) from subscriptions increased by 15%, and its backlog rose by 21%, showcasing effective sales execution and strong client engagement. Following these results, Q2 Holdings has revised its medium-term guidance, projecting enhanced subscription revenue growth and improved EBITDA margins for the fiscal years 2025 and 2026. Analysts at Needham have responded to these positive results by raising their price target for Q2 Holdings to $125 and maintaining a Buy rating, while RBC Capital Markets increased their target to $108 with a Sector Perform rating. Similarly, Raymond (NSE:RYMD) James raised their price target to $110, reaffirming an Outperform rating, and Citi adjusted their target to $100, holding a Neutral stance. In addition to financial updates, Q2 Holdings announced the appointment of Andre Mintz to its board of directors, effective March 2025. Mintz brings over 30 years of experience in technology and cybersecurity, which is expected to bolster Q2 Holdings’ expertise in these critical areas. These developments reflect Q2 Holdings’ ongoing strategic growth and strong market position.
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