Quantenna Communications Inc (QTNA) Chairman Sells $128,160.00 in Stock

Quantenna Communications Inc (NASDAQ:QTNA) Chairman Sam Heidari sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $16.02, for a total value of $128,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sam Heidari also recently made the following trade(s):

  • On Tuesday, January 8th, Sam Heidari sold 15,000 shares of Quantenna Communications stock. The shares were sold at an average price of $15.00, for a total value of $225,000.00.

Shares of Quantenna Communications stock traded up $0.42 during trading hours on Friday, reaching $16.08. 320,200 shares of the company were exchanged, compared to its average volume of 300,763. Quantenna Communications Inc has a 1 year low of $12.19 and a 1 year high of $19.41. The firm has a market capitalization of $568.03 million, a P/E ratio of -804.00, a P/E/G ratio of 0.87 and a beta of 0.94.

Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings data on Monday, October 29th. The technology company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Quantenna Communications had a return on equity of 3.65% and a net margin of 17.07%. The business had revenue of $59.30 million for the quarter, compared to analyst estimates of $58.06 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. On average, equities research analysts expect that Quantenna Communications Inc will post 0.11 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its position in shares of Quantenna Communications by 48.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 11,207 shares of the technology company’s stock worth $174,000 after acquiring an additional 3,681 shares during the period. Alliancebernstein L.P. increased its position in shares of Quantenna Communications by 17.0% during the third quarter. Alliancebernstein L.P. now owns 26,100 shares of the technology company’s stock worth $482,000 after acquiring an additional 3,800 shares during the period. MetLife Investment Advisors LLC increased its position in shares of Quantenna Communications by 53.0% during the second quarter. MetLife Investment Advisors LLC now owns 15,870 shares of the technology company’s stock worth $247,000 after acquiring an additional 5,495 shares during the period. Man Group plc increased its position in shares of Quantenna Communications by 39.1% during the third quarter. Man Group plc now owns 22,400 shares of the technology company’s stock worth $413,000 after acquiring an additional 6,300 shares during the period. Finally, Creative Planning increased its position in shares of Quantenna Communications by 31.3% during the third quarter. Creative Planning now owns 27,727 shares of the technology company’s stock worth $512,000 after acquiring an additional 6,613 shares during the period. 62.89% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. TheStreet lowered Quantenna Communications from a “c-” rating to a “d+” rating in a research report on Monday, December 17th. BidaskClub raised Quantenna Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $19.80.

TRADEMARK VIOLATION WARNING: This piece was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.themarketsdaily.com/2019/01/12/quantenna-communications-inc-qtna-chairman-sells-128160-00-in-stock.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.

Featured Story: Dividend Stocks – Are They Right For You?

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