Quantenna Communications Inc (QTNA) SVP Sells $94,502.32 in Stock

Quantenna Communications Inc (NASDAQ:QTNA) SVP David William Carroll sold 6,317 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $14.96, for a total transaction of $94,502.32. Following the transaction, the senior vice president now directly owns 68,593 shares in the company, valued at approximately $1,026,151.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

David William Carroll also recently made the following trade(s):

  • On Wednesday, October 31st, David William Carroll sold 10,689 shares of Quantenna Communications stock. The shares were sold at an average price of $16.73, for a total transaction of $178,826.97.
  • On Monday, October 1st, David William Carroll sold 10,314 shares of Quantenna Communications stock. The shares were sold at an average price of $18.12, for a total transaction of $186,889.68.

NASDAQ:QTNA opened at $15.00 on Friday. The company has a market cap of $557.93 million, a price-to-earnings ratio of 87.76, a P/E/G ratio of 6.87 and a beta of 1.24. Quantenna Communications Inc has a fifty-two week low of $10.16 and a fifty-two week high of $19.41.

Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings results on Monday, October 29th. The technology company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $59.30 million for 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%. Quantenna Communications’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, equities analysts expect that Quantenna Communications Inc will post 0.11 EPS for the current year.

Several brokerages recently issued reports on QTNA. BidaskClub raised shares of Quantenna Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, September 5th. Benchmark upped their price objective on shares of Quantenna Communications from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. ValuEngine raised shares of Quantenna Communications from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Needham & Company LLC upped their price objective on shares of Quantenna Communications from $20.00 to $23.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 5th. Finally, Roth Capital upped their price objective on shares of Quantenna Communications from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Quantenna Communications currently has a consensus rating of “Buy” and an average price target of $19.80.

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Quantenna Communications by 31.1% during the third quarter. JPMorgan Chase & Co. now owns 2,230,121 shares of the technology company’s stock worth $41,146,000 after purchasing an additional 529,520 shares during the period. BlackRock Inc. raised its stake in Quantenna Communications by 6.7% during the third quarter. BlackRock Inc. now owns 2,190,741 shares of the technology company’s stock worth $40,420,000 after purchasing an additional 137,214 shares during the period. Vanguard Group Inc. raised its stake in Quantenna Communications by 8.6% during the third quarter. Vanguard Group Inc. now owns 1,158,833 shares of the technology company’s stock worth $21,380,000 after purchasing an additional 91,503 shares during the period. Trigran Investments Inc. raised its stake in Quantenna Communications by 38.3% during the third quarter. Trigran Investments Inc. now owns 1,018,842 shares of the technology company’s stock worth $18,798,000 after purchasing an additional 281,969 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Quantenna Communications by 14.8% during the second quarter. Russell Investments Group Ltd. now owns 743,606 shares of the technology company’s stock worth $11,562,000 after purchasing an additional 95,830 shares during the period. 62.92% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Quantenna Communications Inc (QTNA) SVP Sells $94,502.32 in Stock” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/12/07/quantenna-communications-inc-qtna-svp-sells-94502-32-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.

Recommended Story: Correction

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