William M. Furrer

QTWO

CSO AND CMO · Q2 HOLDINGS, INC. · CIK 0001597593

FILING MIX · LIFETIME36%/64%

BUYS

SELLS

TOTAL VALUE

$4.27M

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

77,173

AVG SELL PX

$80.85

Trades · vs SPY

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Performance · forward returns vs SPY

5 backtested trades · 8 horizonsHow are these numbers computed? →

Forward-return performance of every backtestable P/S trade by William M. Furrer, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	5	+80.00%	-6.93%	-7.99%	+1.06%	+0.63%	—
14d	5	+80.00%	-14.21%	-11.49%	-2.72%	-3.06%	—
30d	5	+80.00%	-18.88%	-15.46%	-3.42%	-6.03%	—
60d	5	+60.00%	-4.77%	-6.55%	+1.78%	-5.06%	—
90d	5	+40.00%	+7.17%	+0.25%	+6.92%	+7.12%	—
180d	5	+0.00%	+27.01%	+11.69%	+15.31%	+13.95%	—
1y	5	+0.00%	+49.16%	+27.71%	+21.45%	+20.78%	—
2y	5	+100.00%	-29.45%	+37.44%	-66.88%	-63.60%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

QTWO · 77,173 shares · as of Jul 13, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 4 buys / 7 sellsCOVERAGE · 3 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
QTWO Q2 HOLDINGS, INC.	PURCHASE CSO and CMO	8,500	$35.80	$304.3K	95,885	Jul 13, 2020	Jul 15, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	PURCHASE CSO and CMO	4,312	$19.26	$83.0K	87,385	Jul 13, 2020	Jul 15, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	SALE CSO and CMO	4,312	—	—	1,438	Jul 13, 2020	Jul 15, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	SALE CSO and CMO	8,500	—	—	27,740	Jul 13, 2020	Jul 15, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	SALE CSO and CMO	18,712	$90.72	$1.70M	77,173	Jul 13, 2020	Jul 15, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	PURCHASEGRANT Stock grant	13,616	—	—	69,457	Mar 13, 2020	Mar 16, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	PURCHASEGRANT Stock grant	13,616	—	—	83,073	Mar 13, 2020	Mar 16, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	SALE CSO and CMO	11,989	$66.76	$800.4K	55,841	Mar 10, 2020	Mar 11, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	SALE CSO and CMO	8,991	$73.97	$665.1K	67,830	Mar 4, 2020	Mar 6, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	SALE CSO and CMO	4,932	$85.86	$423.5K	76,821	Feb 21, 2020	Feb 24, 2020 ↗	View →
QTWO Q2 HOLDINGS, INC.	SALE CSO and CMO	3,450	$87.00	$300.1K	81,753	Feb 18, 2020	Feb 20, 2020 ↗	View →

Other insiders · QTWO

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About this filer

CIK 0001597593

ROLE

CSO and CMO

PRIMARY

QTWO

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001597593DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

William M. Furrer

The morning brief, before the bell.