SCHEDULE 13G/A: Wasatch Advisors Discloses 3.5% Stake in Q2 Holdings, Inc.

Wasatch Advisors LP has filed an amended Schedule 13G, revealing a beneficial ownership of 3.5% of Q2 Holdings, Inc.'s Common Stock as of December 31, 2024.

Summary

• Wasatch Advisors LP, a Delaware-based investment adviser, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Q2 Holdings, Inc.
• As of December 31, 2024, Wasatch Advisors LP beneficially owns 2,116,062 shares of Q2 Holdings, Inc. Common Stock.
• This ownership represents 3.5% of the total class of securities.
• Wasatch Advisors LP holds sole voting power over 1,518,433 shares and sole dispositive power over all 2,116,062 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral regulatory filing.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance from the issuer, Q2 Holdings, Inc.

Management Comments

• Mike Yeates, CEO of Wasatch Advisors LP, certified that 'to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.'

Industry Context

This filing is a standard disclosure of institutional ownership and does not provide specific analysis of broader industry trends or competitive landscape for Q2 Holdings, Inc. It indicates an investment adviser's significant stake in a financial technology company.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Wasatch Advisors LP may be viewed positively by other investors, signaling confidence in Q2 Holdings, Inc. by a professional investment firm.

Key Dates

Keywords

Q2 Holdings Inc., Wasatch Advisors LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership