Macquarie Group Ltd. trimmed its stake in shares of Quotient Technology Inc. (NYSE:QUOT) by 48.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444,459 shares of the technology company’s stock after selling 414,431 shares during the quarter. Macquarie Group Ltd. owned approximately 0.48% of Quotient Technology worth $5,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in Quotient Technology by 595.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after acquiring an additional 8,091 shares during the last quarter. Principal Financial Group Inc. grew its position in Quotient Technology by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after acquiring an additional 474 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Quotient Technology during the 2nd quarter worth approximately $125,000. Invictus RG bought a new position in Quotient Technology during the 1st quarter worth approximately $135,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Quotient Technology during the 1st quarter worth approximately $137,000. Institutional investors and hedge funds own 71.19% of the company’s stock.
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In other news, Director David E. Siminoff sold 8,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $11.54, for a total transaction of $92,320.00. Following the completion of the sale, the director now owns 3,000 shares in the company, valued at approximately $34,620. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven R. Boal sold 160,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $12.64, for a total value of $2,022,400.00. Following the sale, the chief executive officer now owns 968,823 shares of the company’s stock, valued at approximately $12,245,922.72. The disclosure for this sale can be found here. In the last three months, insiders sold 1,409,707 shares of company stock worth $22,234,911. 11.99% of the stock is owned by insiders.
Quotient Technology Inc. (QUOT
) traded down 0.31% during midday trading on Friday, hitting $15.85. The company had a trading volume of 621,716 shares. The company’s market capitalization is $1.46 billion. The stock has a 50 day moving average price of $16.33 and a 200 day moving average price of $13.09. Quotient Technology Inc. has a 52 week low of $9.10 and a 52 week high of $17.85.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The company had revenue of $74.49 million for the quarter, compared to analysts’ expectations of $73.72 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Quotient Technology’s revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that Quotient Technology Inc. will post $0.24 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on QUOT shares. BidaskClub lowered Quotient Technology from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 price objective on shares of Quotient Technology in a research report on Friday, September 1st. DA Davidson assumed coverage on Quotient Technology in a research report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price objective on the stock. Bank of America Corporation reiterated a “neutral” rating and issued a $20.00 price objective (up from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.88.
About Quotient Technology
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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