Wednesday, March 07, 2018 10:15 PM ET
Insiders at Q2 Holdings (QTWO) Make Significant Stock Sales Extends the Trend of Last Quarter
There was a notable level of share sales at Q2 Holdings by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — Matthew P Flake, Director and Officer, and Kim Rutledge, Officer — sold 46,359 shares in the company having a market value of approximately $2,106,628. There have been 9 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 253,754 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 300,113 shares and have averaged 27,283 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Q2 Holdings is above its 64-company peer group average. The Enterprise Software peer group saw 163 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares traded per transaction by Q2 Holdings insiders is lower than its peers. Within the peer group there were 548,162 shares purchased and 8,368,407 shares sold with company insiders having sold 47,977 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in composing and writing this story.
Today’s Insider Activity
* Matthew P Flake, Director and Officer, sold 43,859 shares
* Kim Rutledge, Officer, sold 2,500 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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