Quantenna Comms (QTNA) CFO Sean Sobers Sells 4,966 Shares
Quantenna Comms (NASDAQ:QTNA) CFO Sean Sobers sold 4,966 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $18.76, for a total value of $93,162.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Sean Sobers also recently made the following trade(s):
- On Monday, August 7th, Sean Sobers sold 4,966 shares of Quantenna Comms stock. The shares were sold at an average price of $19.29, for a total value of $95,794.14.
Quantenna Comms (NASDAQ:QTNA) traded down 4.27% during trading on Thursday, reaching $18.15. The company’s stock had a trading volume of 244,794 shares. Quantenna Comms has a 1-year low of $13.75 and a 1-year high of $25.45. The company’s 50 day moving average price is $18.58 and its 200-day moving average price is $19.71. The stock’s market cap is $628.53 million.
Quantenna Comms (NASDAQ:QTNA) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $47.10 million during the quarter, compared to the consensus estimate of $42.90 million. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. Equities analysts forecast that Quantenna Comms will post $0.27 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Quantenna Comms (QTNA) CFO Sean Sobers Sells 4,966 Shares” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2017/09/07/quantenna-comms-qtna-cfo-sean-sobers-sells-4966-shares.html.
Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning bought a new position in shares of Quantenna Comms in the 2nd quarter valued at $102,000. Nationwide Fund Advisors increased its stake in shares of Quantenna Comms by 537.5% in the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock valued at $227,000 after purchasing an additional 10,095 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Quantenna Comms in the 1st quarter valued at $255,000. Swiss National Bank bought a new position in shares of Quantenna Comms in the 2nd quarter valued at $262,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Quantenna Comms by 326.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,784 shares of the technology company’s stock valued at $337,000 after purchasing an additional 13,612 shares during the last quarter. Institutional investors own 37.89% of the company’s stock.
A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating on shares of Quantenna Comms in a research report on Tuesday, August 8th. Barclays PLC reduced their price objective on Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. Finally, Zacks Investment Research raised Quantenna Comms from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Quantenna Comms has a consensus rating of “Buy” and a consensus target price of $23.83.
About Quantenna Comms
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.
Receive News & Ratings for Quantenna Comms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantenna Comms and related companies with MarketBeat.com's FREE daily email newsletter.