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Michael A. Volanoski, Chief Revenue Officer of Q2 Holdings , Inc. (NYSE:QTWO), a $4.4 billion market cap fintech company, executed significant stock transactions this week. According to InvestingPro analysis, the stock currently appears fairly valued based on its Fair Value estimate. On March 12, Volanoski sold 15,005 shares of Q2 Holdings common stock at an average price of $74.12, totaling approximately $1,112,170. This sale was mandated by the company to cover tax withholding obligations related to the vesting of restricted stock units.
The following day, March 13, Volanoski sold an additional 19,560 shares at an average price of $72.90, amounting to roughly $1,425,924. This transaction was conducted under a pre-established Rule 10b5-1 trading plan.
These sales follow a previous acquisition of 14,465 shares on March 11, which were received at no cost due to the vesting of performance-based restricted stock units. After these transactions, Volanoski holds 178,406 shares of Q2 Holdings. While the company isn’t currently profitable, InvestingPro data shows analysts expect profitability this year, with 5 analysts recently revising earnings estimates upward. Get access to 10+ more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Q2 Holdings reported strong fourth-quarter results, showing a 16.4% year-over-year growth in subscription revenue and a 15% increase in Annual Recurring Revenue (ARR). The company secured significant contracts with Tier 1 and enterprise clients, contributing to a 21% year-over-year rise in remaining performance obligations. Following these results, several analysts have adjusted their price targets for Q2 Holdings. Needham increased its target to $125 with a Buy rating, while RBC Capital Markets raised it to $108, maintaining a Sector Perform rating. Citi also raised its target to $100, holding a Neutral stance, and Raymond (NSE:RYMD) James increased its target to $110, reaffirming an Outperform rating. Additionally, Q2 Holdings announced the appointment of Andre Mintz to its board of directors, effective March 1, 2025. Mintz, who brings over 30 years of experience in technology and cybersecurity, will serve on the Audit and Risk and Compliance Committees. These developments reflect Q2 Holdings’ strategic growth and the confidence analysts have in its future performance.
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