Insider Selling: Quantenna Comms (NASDAQ:QTNA) CFO Sells 4,966 Shares of Stock
Quantenna Comms (NASDAQ:QTNA) CFO Sean Sobers sold 4,966 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $19.29, for a total transaction of $95,794.14. The sale was disclosed in a filing with the SEC, which is available at this link.
Sean Sobers also recently made the following trade(s):
- On Tuesday, May 16th, Sean Sobers sold 2,743 shares of Quantenna Comms stock. The shares were sold at an average price of $21.02, for a total transaction of $57,657.86.
Quantenna Comms (NASDAQ:QTNA) traded down 0.41% during mid-day trading on Monday, hitting $19.37. The stock had a trading volume of 441,594 shares. Quantenna Comms has a 12 month low of $13.75 and a 12 month high of $25.45. The stock’s market cap is $652.73 million. The stock’s 50-day moving average price is $19.68 and its 200-day moving average price is $20.01.
Quantenna Comms (NASDAQ:QTNA) last released its quarterly earnings data on Monday, August 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $47.10 million during the quarter, compared to the consensus estimate of $42.90 million. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. On average, analysts predict that Quantenna Comms will post $0.27 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning acquired a new position in Quantenna Comms during the second quarter worth approximately $102,000. Norges Bank acquired a new position in Quantenna Comms during the fourth quarter worth approximately $181,000. Dynamic Technology Lab Private Ltd acquired a new position in Quantenna Comms during the first quarter worth approximately $255,000. Bank of Montreal Can acquired a new position in Quantenna Comms during the second quarter worth approximately $362,000. Finally, Rhumbline Advisers acquired a new position in Quantenna Comms during the second quarter worth approximately $413,000. 31.58% of the stock is currently owned by hedge funds and other institutional investors.
QTNA has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Quantenna Comms from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Needham & Company LLC reiterated a “strong-buy” rating and set a $26.00 price target on shares of Quantenna Comms in a research report on Tuesday, May 9th. Finally, Barclays PLC reiterated an “overweight” rating on shares of Quantenna Comms in a research report on Friday, July 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.17.
Quantenna Comms Company Profile
Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.
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