QUANTENNA COMMS (NASDAQ:QTNA) CFO Sean Sobers Sells 4,966 Shares
QUANTENNA COMMS (NASDAQ:QTNA) CFO Sean Sobers sold 4,966 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $19.29, for a total transaction of $95,794.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Sean Sobers also recently made the following trade(s):
- On Tuesday, May 16th, Sean Sobers sold 2,743 shares of QUANTENNA COMMS stock. The shares were sold at an average price of $21.02, for a total transaction of $57,657.86.
QUANTENNA COMMS (QTNA) opened at 18.01 on Wednesday. The firm’s market cap is $606.90 million. The stock’s 50 day moving average is $19.68 and its 200 day moving average is $20.01. QUANTENNA COMMS has a 12-month low of $13.75 and a 12-month high of $25.45.
QUANTENNA COMMS (NASDAQ:QTNA) last posted its earnings results on Monday, August 7th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $42.90 million. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities research analysts expect that QUANTENNA COMMS will post $0.27 EPS for the current year.
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Several analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating on shares of QUANTENNA COMMS in a research report on Tuesday. Barclays PLC decreased their price target on shares of QUANTENNA COMMS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Zacks Investment Research raised shares of QUANTENNA COMMS from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.83.
A number of large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in QUANTENNA COMMS during the second quarter valued at $3,176,000. Bank of New York Mellon Corp boosted its stake in QUANTENNA COMMS by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 60,662 shares of the technology company’s stock valued at $1,153,000 after buying an additional 2,035 shares during the last quarter. Rhumbline Advisers acquired a new stake in QUANTENNA COMMS during the second quarter valued at $413,000. Schwab Charles Investment Management Inc. boosted its stake in QUANTENNA COMMS by 96.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 50,488 shares of the technology company’s stock valued at $960,000 after buying an additional 24,852 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in QUANTENNA COMMS during the second quarter valued at $1,640,000. Hedge funds and other institutional investors own 31.58% of the company’s stock.
QUANTENNA COMMS 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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