Quantenna Communications Inc (NASDAQ:QTNA) Director John Scull sold 65,922 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $17.76, for a total transaction of $1,170,774.72. Following the completion of the transaction, the director now owns 15,444 shares of the company’s stock, valued at $274,285.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
John Scull also recently made the following trade(s):
- On Friday, November 9th, John Scull sold 195,820 shares of Quantenna Communications stock. The stock was sold at an average price of $17.42, for a total transaction of $3,411,184.40.
Quantenna Communications stock traded down $0.27 during mid-day trading on Friday, hitting $16.89. The company’s stock had a trading volume of 398,664 shares, compared to its average volume of 380,339. The company has a market capitalization of $663.38 million, a PE ratio of 104.35, a P/E/G 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 posted its quarterly earnings results on Monday, October 29th. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $59.30 million during 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%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, analysts predict that Quantenna Communications Inc will post 0.11 earnings per share for the current year.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Quantenna Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Roth Capital upped their target price on shares of Quantenna Communications from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Benchmark upped their target price on shares of Quantenna Communications from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Needham & Company LLC upped their target price on shares of 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, Stifel Nicolaus upped their target price on shares of Quantenna Communications from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Quantenna Communications currently has a consensus rating of “Buy” and a consensus target price of $19.80.
Institutional investors have recently bought and sold shares of the business. BlueMountain Capital Management LLC bought a new stake in Quantenna Communications in the second quarter worth $185,000. Quantum Capital Management lifted its stake in Quantenna Communications by 11.6% in the second quarter. Quantum Capital Management now owns 164,289 shares of the technology company’s stock worth $2,553,000 after purchasing an additional 17,132 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Quantenna Communications by 432.5% during the second quarter. Renaissance Technologies LLC now owns 294,500 shares of the technology company’s stock valued at $4,577,000 after acquiring an additional 239,200 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in shares of Quantenna Communications during the second quarter valued at about $1,664,000. Finally, Marathon Capital Management raised its stake in shares of Quantenna Communications by 3.8% during the second quarter. Marathon Capital Management now owns 153,972 shares of the technology company’s stock valued at $2,392,000 after acquiring an additional 5,672 shares during the last quarter. 62.05% of the stock is owned by institutional investors and hedge funds.
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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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