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AUSTIN, Texas—Coleman Kirk L, President of Q2 Holdings , Inc. (NYSE:QTWO), has sold 45,215 shares of the company’s common stock. The transaction, executed on February 21, was part of a pre-arranged trading plan under Rule 10b5-1, adopted in November 2024. The shares were sold at a weighted average price of $88.75, generating a total of approximately $4.01 million. The sale comes as Q2 Holdings, with a market capitalization of $5.2 billion, has delivered an impressive 84.7% return over the past year, according to InvestingPro data.
The sale was conducted over multiple transactions, with share prices ranging from $87.38 to $91.44. Following this transaction, Coleman Kirk L retains direct ownership of 292,428 shares of Q2 Holdings. InvestingPro analysis indicates the stock has shown significant volatility, with analysts recently revising earnings estimates upward for the upcoming period.
Q2 Holdings, headquartered in Austin, Texas, operates within the prepackaged software services sector. The company has maintained solid growth with revenue increasing 11.5% year-over-year, though InvestingPro analysis suggests current trading multiples are at premium levels. Discover 10+ additional exclusive insights and detailed valuation metrics with InvestingPro’s comprehensive research report.
In other recent news, Q2 Holdings reported strong fourth-quarter 2024 earnings, which have led to increased price targets from several analyst firms. RBC Capital Markets raised its target to $108, citing robust subscription Annual Recurring Revenue growth of 15% year-over-year and a 21% increase in backlog. Needham analysts boosted their target to $125, maintaining a Buy rating, following Q2 Holdings’ significant subscription revenue growth of 16.4% and strong bookings, including contracts with seven Tier 1 and enterprise clients. Citi also adjusted its target to $100, reflecting Q2 Holdings’ successful client renewals and cross-selling activities, while maintaining a Neutral rating. Raymond (NSE:RYMD) James increased its price target to $110, emphasizing the company’s optimistic forecast for 2025 and its strong profitability profile. In addition to financial performance, Q2 Holdings announced the appointment of Andre Mintz to its board of directors, bringing over 30 years of technology and cybersecurity experience. Mintz will serve on the Audit Committee and the Risk and Compliance Committee, contributing to Q2’s strategic growth. These developments highlight Q2 Holdings’ continued success in executing its business strategy and its potential for sustained growth.
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