On August 21, 2024, David Mehok, Chief Financial Officer of Q2 Holdings Inc (NYSE:QTWO), sold 14,601 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 206,883 shares of Q2 Holdings Inc.
Q2 Holdings Inc. specializes in providing cloud-based virtual banking solutions. The company’s offerings help financial institutions enable secure and intuitive interactions with their personal and business account holders.
Over the past year, the insider has sold a total of 26,854 shares and purchased no shares. This latest transaction is part of a broader trend seen within the company. Over the past year, there were 61 insider sales and no insider purchases.
Q2 Holdings Inc. shares traded at $72.51 on the day of the transaction, giving the company a market capitalization of approximately $4.39 billion.
The stock is currently considered significantly overvalued with a price-to-earnings ratio of 1.5 based on a GF Value of $48.24. The GF Value is calculated by considering historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as future business performance estimates from Morningstar analysts.
This insider sale may be of interest to investors who track insider behavior as an indicator of potential stock performance, particularly in the context of company valuation and market trends.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
