Quantenna Communications Inc (QTNA) Chairman Sam Heidari Sells 8,000 Shares

Quantenna Communications Inc (NASDAQ:QTNA) Chairman Sam Heidari sold 8,000 shares of the firm’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $16.02, for a total value of $128,160.00. Following the completion of the sale, the chairman now owns 199,028 shares of the company’s stock, valued at $3,188,428.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sam Heidari also recently made the following trade(s):

  • On Tuesday, January 8th, Sam Heidari sold 15,000 shares of Quantenna Communications stock. The shares were sold at an average price of $15.00, for a total value of $225,000.00.

Shares of Quantenna Communications stock opened at $16.08 on Monday. Quantenna Communications Inc has a one year low of $12.19 and a one year high of $19.41. The stock has a market cap of $568.03 million, a P/E ratio of -804.00, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

Quantenna Communications (NASDAQ:QTNA) last announced its earnings results on Monday, October 29th. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Quantenna Communications had a return on equity of 3.65% and a net margin of 17.07%. The company had revenue of $59.30 million for the quarter, compared to analyst estimates of $58.06 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, research analysts forecast that Quantenna Communications Inc will post 0.11 earnings per share for the current year.

A number of analysts have recently weighed in on the company. BidaskClub upgraded Quantenna Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. TheStreet cut Quantenna Communications from a “c-” rating to a “d+” rating in a report on Monday, December 17th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Quantenna Communications has a consensus rating of “Buy” and an average price target of $19.80.

Several institutional investors have recently made changes to their positions in QTNA. Envestnet Asset Management Inc. bought a new position in Quantenna Communications in the second quarter worth approximately $159,000. Fox Run Management L.L.C. bought a new position in Quantenna Communications in the third quarter worth approximately $198,000. AQR Capital Management LLC bought a new position in Quantenna Communications in the third quarter worth approximately $202,000. Metropolitan Life Insurance Co. NY boosted its holdings in Quantenna Communications by 48.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 11,207 shares of the technology company’s stock worth $174,000 after acquiring an additional 3,681 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in Quantenna Communications in the second quarter worth approximately $185,000. Institutional investors own 62.89% of the company’s stock.

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About Quantenna Communications

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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