Sam Heidari Sells 2,000 Shares of Quantenna Comms (QTNA) Stock
Quantenna Comms (NASDAQ:QTNA) Chairman Sam Heidari sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $15.15, for a total value of $30,300.00. Following the completion of the transaction, the chairman now directly owns 70,700 shares in the company, valued at approximately $1,071,105. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Sam Heidari also recently made the following trade(s):
- On Monday, October 2nd, Sam Heidari sold 2,800 shares of Quantenna Comms stock. The shares were sold at an average price of $16.88, for a total value of $47,264.00.
- On Friday, September 1st, Sam Heidari sold 5,600 shares of Quantenna Comms stock. The shares were sold at an average price of $18.50, for a total value of $103,600.00.
Quantenna Comms (NASDAQ:QTNA) last posted its earnings results on Monday, August 7th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $47.10 million during the quarter, compared to analyst estimates of $42.90 million. The company’s revenue was up 42.7% compared to the same quarter last year.
ILLEGAL ACTIVITY WARNING: “Sam Heidari Sells 2,000 Shares of Quantenna Comms (QTNA) Stock” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/02/sam-heidari-sells-2000-shares-of-quantenna-comms-qtna-stock.html.
QTNA has been the topic of several research reports. Zacks Investment Research cut Quantenna Comms from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC reaffirmed an “overweight” rating on shares of Quantenna Comms in a report on Friday, July 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Quantenna Comms in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $23.83.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Quantenna Comms by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 60,662 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 2,035 shares during the period. Creative Planning acquired a new stake in Quantenna Comms in the second quarter worth $102,000. Pier Capital LLC raised its holdings in Quantenna Comms by 2.8% in the second quarter. Pier Capital LLC now owns 216,656 shares of the technology company’s stock worth $4,116,000 after purchasing an additional 5,968 shares during the period. Nationwide Fund Advisors raised its holdings in Quantenna Comms by 537.5% in the second quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after purchasing an additional 10,095 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Quantenna Comms by 326.3% in the second quarter. The Manufacturers Life Insurance Company now owns 17,784 shares of the technology company’s stock worth $337,000 after purchasing an additional 13,612 shares during the period. Institutional investors own 38.48% of the company’s stock.
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.