Quantenna Communications Inc (QTNA) Director John Scull Sells 65,922 Shares

Quantenna Communications Inc (NASDAQ:QTNA) Director John Scull sold 65,922 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $17.76, for a total transaction of $1,170,774.72. Following the sale, the director now directly owns 15,444 shares of the company’s stock, valued at approximately $274,285.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

John Scull also recently made the following trade(s):

  • On Friday, November 9th, John Scull sold 195,820 shares of Quantenna Communications stock. The stock was sold at an average price of $17.42, for a total transaction of $3,411,184.40.

Quantenna Communications stock traded down $0.27 during mid-day trading on Friday, reaching $16.89. The company’s stock had a trading volume of 398,664 shares, compared to its average volume of 344,930. The company has a market cap of $663.01 million, a P/E ratio of -844.50, a price-to-earnings-growth ratio of 8.17 and a beta of 1.33. Quantenna Communications Inc has a 12 month low of $10.16 and a 12 month high of $19.41.

Quantenna Communications (NASDAQ:QTNA) last released its earnings results on Monday, October 29th. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $59.30 million during the quarter, compared to the consensus estimate of $58.06 million. Quantenna Communications had a net margin of 17.07% and a return on equity of 3.65%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, analysts predict that Quantenna Communications Inc will post 0.11 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Quantenna Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Stifel Nicolaus increased their price objective on shares of Quantenna Communications from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Benchmark increased their price objective on shares of Quantenna Communications from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Needham & Company LLC increased their price objective on shares of Quantenna Communications from $20.00 to $23.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 5th. Finally, BidaskClub raised shares of Quantenna Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, September 5th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $19.80.

Institutional investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC bought a new position in Quantenna Communications in the second quarter valued at $185,000. Quantum Capital Management grew its position in Quantenna Communications by 11.6% in the second quarter. Quantum Capital Management now owns 164,289 shares of the technology company’s stock valued at $2,553,000 after purchasing an additional 17,132 shares in the last quarter. Renaissance Technologies LLC grew its position in Quantenna Communications by 432.5% in the second quarter. Renaissance Technologies LLC now owns 294,500 shares of the technology company’s stock valued at $4,577,000 after purchasing an additional 239,200 shares in the last quarter. Manatuck Hill Partners LLC bought a new position in Quantenna Communications in the second quarter valued at $1,664,000. Finally, Marathon Capital Management grew its position in Quantenna Communications by 3.8% in the second quarter. Marathon Capital Management now owns 153,972 shares of the technology company’s stock valued at $2,392,000 after purchasing an additional 5,672 shares in the last quarter. 62.05% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/11/09/quantenna-communications-inc-qtna-director-john-scull-sells-65922-shares.html.

Quantenna Communications Company Profile

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.

Recommended Story: Rule of 72

Insider Buying and Selling by Quarter for Quantenna Communications (NASDAQ:QTNA)

Receive News & Ratings for Quantenna Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantenna Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply