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Insider Cluster (2 insiders) ·Filed Mar 4, 2026

QTWO

Q2 Holdings, Inc.
BEARISH
Impact 6/10
Horizondays Processed7mo ago
Insider cluster: 2 insiders, $1.5M total
Actionable Insight ▼ Bearish

Monitor for potential follow-up selling or commentary around earnings; coordinated C-suite selling may signal lack of confidence in near-term valuation, especially in absence of prior buybacks or positive catalysts.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
QTWO ▼ -9.70% at T+60d
SHORT call ✓ call won +9.70% · α vs SPY +19.79% · entry $49.99 → $45.14
Entry = T+0 close
Mar 3, 2026
via day close
T+1d
+4.16%
call -4.16% · α -4.73%
$52.07
settled 8mo ago
T+5d
+1.06%
call -1.06% · α -2.39%
$50.52
settled 8mo ago
T+20d
-5.18%
call +5.18% · α +0.77%
$47.40
settled 7mo ago
T+60d
-9.70%
call +9.70% · α +19.79%
$45.14
settled 5mo ago

Price Chart

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Executive Summary

Multiple C-suite executives at Q2 Holdings, including the General Counsel and Chief People Officer, sold shares in a coordinated open-market cluster over the past week, totaling $2.3M in value. The sales represent modest insider selling from two executives, with no purchases or non-cash transactions involved.

Key Financial Metrics

Direction
selling
Total Value
$2.3M
Insiders
2

Key Facts

  • General Counsel Michael S. Kerr sold 21,082 shares for $1,071,544.74 over four days in March 2026.
  • Chief People Officer Kimberly Anne Rutledge sold 23,829 shares for $1,185,375.60 in two transactions.
  • All transactions were open-market sales (code S) at prices between $49.72 and $51.66.
  • Total insider selling cluster: 44,911 shares, $2.3M in proceeds.
  • Sales represent approximately 0.07% of Q2 Holdings' $3.3B market cap.

Financial Impact

$2.3 million in insider sales over 7 days, representing 0.07% of market cap

insider sentimentshareholder confidence

Risk Factors

  • Perception of insider pessimism given no offsetting purchases and high-ranking executives involved.
  • Potential for negative market reaction if selling continues or expands to other insiders.

Market Snapshot

Exchange
NYSE

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (6 trades, 7d window)cluster-QTWO-1773097015786
6 reports for QTWO
Performance horizon
100% Hit rate @ T+20 3 of 3 directional calls Went positive at some point 3 of 3 best @ T+60▲ +12.50%Mar 9, 2026
Filters
Rows
Reports for QTWO — sortable, filterable
TypeNow
Oct 20, 2026
5d ago
Institutional Cluster
MIXED ★ 3/10
$66.41awaiting T+20—$68.91 (+3.76%)
Aug 14, 2026
10w ago
Insider Cluster
NEUTRAL ★ 4/10
$64.41 $60.08▼ −6.72%▼ −4.75%$68.91 (+6.99%)
Mar 9, 2026
32w ago
Insider Cluster
BEARISH ★ 6/10
$51.26 $48.22▲ +5.93%▲ +5.76%$68.91 (−34.43%)
Mar 4, 2026
33w ago
Insider Cluster
BEARISH ★ 7/10
$52.07 $47.74▲ +8.32%▲ +4.53%$68.91 (−32.34%)
Mar 4, 2026
33w ago
Insider Cluster
BEARISH ★ 6/10
$49.99 $47.40▲ +5.18%▲ +0.77%$68.91 (−37.85%)
Mar 3, 2026
33w ago
Insider Cluster
BEARISH ★ 7/10
$50.53 $47.30▲ +6.39%▲ +1.99%$68.91 (−36.37%)
Showing 6 of 6

US Market Status

Market Open — Closes in 4h 24m

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Report published Mar 9, 2026