Insider Selling: Quantenna Communications Inc (QTNA) Director Sells 195,820 Shares of Stock

Quantenna Communications Inc (NASDAQ:QTNA) Director John Scull sold 195,820 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $17.42, for a total value of $3,411,184.40. Following the completion of the transaction, the director now directly owns 15,444 shares of the company’s stock, valued at $269,034.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, November 7th, John Scull sold 65,922 shares of Quantenna Communications stock. The stock was sold at an average price of $17.76, for a total value of $1,170,774.72.

Shares of NASDAQ QTNA traded down $0.27 during midday trading on Friday, reaching $16.89. 398,664 shares of the company traded hands, compared to its average volume of 380,339. The stock has a market cap of $663.38 million, a PE ratio of 104.35, a PEG 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 issued its quarterly earnings data on Monday, October 29th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $59.30 million during the quarter, compared to analysts’ expectations of $58.06 million. Quantenna Communications had a return on equity of 3.65% and a net margin of 17.07%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. Equities analysts forecast that Quantenna Communications Inc will post 0.11 EPS for the current year.

Several research analysts recently commented on QTNA shares. Stifel Nicolaus raised their target price on Quantenna Communications from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Roth Capital raised their target price on Quantenna Communications from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. BidaskClub cut Quantenna Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Needham & Company LLC raised their target price on 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, ValuEngine raised Quantenna Communications from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $19.80.

Several large investors have recently made changes to their positions in QTNA. Fortaleza Asset Management Inc. acquired a new stake in Quantenna Communications in the second quarter worth about $123,000. Envestnet Asset Management Inc. acquired a new stake in Quantenna Communications in the second quarter worth about $159,000. Metropolitan Life Insurance Co. NY grew its position in shares of Quantenna Communications by 48.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 11,207 shares of the technology company’s stock worth $174,000 after buying an additional 3,681 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Quantenna Communications during the 2nd quarter worth about $183,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Quantenna Communications during the 2nd quarter valued at about $185,000. Institutional investors own 62.05% of the company’s stock.

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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.

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

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