Kennedy Capital Management Inc. acquired a new position in Quantenna Communications Inc (NASDAQ:QTNA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 98,620 shares of the technology company’s stock, valued at approximately $1,203,000. Kennedy Capital Management Inc. owned 0.28% of Quantenna Communications at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Quantenna Communications by 4.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 81,828 shares of the technology company’s stock worth $999,000 after purchasing an additional 3,744 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Quantenna Communications by 28.9% in the 3rd quarter. Citadel Advisors LLC now owns 42,746 shares of the technology company’s stock worth $719,000 after purchasing an additional 9,589 shares in the last quarter. RK Capital Management LLC boosted its position in shares of Quantenna Communications by 3.5% in the 3rd quarter. RK Capital Management LLC now owns 305,119 shares of the technology company’s stock worth $5,129,000 after purchasing an additional 10,237 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Quantenna Communications in the 4th quarter valued at approximately $129,000. Finally, Eqis Capital Management Inc. bought a new position in Quantenna Communications in the 4th quarter valued at approximately $163,000. Institutional investors own 47.58% of the company’s stock.
Several research firms recently issued reports on QTNA. BidaskClub cut Quantenna Communications from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Zacks Investment Research raised Quantenna Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Northland Securities began coverage on shares of Quantenna Communications in a report on Thursday, March 8th. They set an “outperform” rating and a $18.00 price objective for the company. Finally, ValuEngine downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Quantenna Communications presently has an average rating of “Hold” and an average target price of $19.60.
In other Quantenna Communications news, SVP David William Carroll sold 3,587 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $14.00, for a total value of $50,218.00. Following the completion of the sale, the senior vice president now owns 42,988 shares of the company’s stock, valued at $601,832. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 12,695 shares of company stock valued at $177,796. 22.62% of the stock is owned by insiders.
Shares of NASDAQ:QTNA traded down $0.60 during trading on Friday, reaching $12.91. The company’s stock had a trading volume of 195,191 shares, compared to its average volume of 222,482. Quantenna Communications Inc has a 12 month low of $9.60 and a 12 month high of $22.50. The company has a market cap of $486.48, a price-to-earnings ratio of -645.50, a PEG ratio of 1.52 and a beta of 1.45.
Quantenna Communications (NASDAQ:QTNA) last announced its quarterly earnings data on Monday, February 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.11. The business had revenue of $41.30 million during the quarter, compared to the consensus estimate of $41.00 million. Quantenna Communications had a net margin of 19.51% and a return on equity of 0.96%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share. equities research analysts predict that Quantenna Communications Inc will post 0.36 earnings per share for the current fiscal year.
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Quantenna Communications Company Profile
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.
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