Q2 Holdings Inc CEO Matthew Flake Sells 51,773 Shares
Matthew Flake, the CEO of Q2 Holdings Inc (NYSE:QTWO), a leading provider of digital banking and lending solutions, has sold 51,773 shares of the company on March 6, 2024, according to a recent SEC filing. The transaction was executed at an average price of $46.22 per share, resulting in a total value of $2,393,726.06.
Over the past year, the insider has sold a total of 236,503 shares of Q2 Holdings Inc and has not made any share purchases. This latest transaction continues a trend of insider sales at the company, with a total of 34 insider sells and no insider buys over the past year.
On the day of the sale, Q2 Holdings Inc shares were trading at $46.22, giving the company a market capitalization of $2.755 billion. The stock's price-to-GF-Value ratio stands at 0.98, indicating that it is Fairly Valued according to the GF Value metric.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
Q2 Holdings Inc specializes in providing cloud-based virtual banking solutions to financial institutions aiming to deliver secure, seamless, and personalized experiences to their retail and commercial customers. The company's comprehensive suite of solutions includes online banking, mobile banking, lending, security, and fraud prevention, which are designed to empower customers and enhance user engagement.
The insider's recent sale may attract the attention of investors monitoring insider activity as an indicator of company performance and sentiment. However, it is important to consider a wide range of factors when evaluating the potential impact of insider transactions on stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
