Quantenna Communications Inc (NASDAQ:QTNA) shares were down 5.1% on Thursday . The stock traded as low as $10.16 and last traded at $11.51. Approximately 1,053,724 shares changed hands during trading, an increase of 208% from the average daily volume of 342,262 shares. The stock had previously closed at $12.13.

Several research analysts have recently weighed in on QTNA shares. Roth Capital dropped their price target on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Barclays cut shares of Quantenna Communications to an “equal weight” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. ValuEngine cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Needham & Company LLC dropped their price target on shares of Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.00.

The firm has a market cap of $398.59 and a PE ratio of 116.00. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01.

In other news, SVP Lionel Bonnot sold 8,500 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $17.61, for a total transaction of $149,685.00. Following the sale, the senior vice president now directly owns 25,684 shares in the company, valued at approximately $452,295.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Sam Heidari sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $15.15, for a total transaction of $30,300.00. Following the sale, the chairman now owns 70,700 shares in the company, valued at $1,071,105. The disclosure for this sale can be found here. Insiders have sold a total of 97,199 shares of company stock worth $1,477,344 over the last 90 days. Insiders own 22.62% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Quantenna Communications by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,662 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 2,035 shares during the period. Creative Planning bought a new stake in Quantenna Communications in the 2nd quarter valued at $102,000. Pier Capital LLC increased its holdings in Quantenna Communications by 2.8% in the 2nd quarter. Pier Capital LLC now owns 216,656 shares of the technology company’s stock valued at $4,116,000 after acquiring an additional 5,968 shares during the last quarter. Citadel Advisors LLC increased its holdings in Quantenna Communications by 28.9% in the 3rd quarter. Citadel Advisors LLC now owns 42,746 shares of the technology company’s stock valued at $719,000 after acquiring an additional 9,589 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Quantenna Communications by 537.5% in the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock valued at $227,000 after acquiring an additional 10,095 shares during the last quarter. Hedge funds and other institutional investors own 37.84% of the company’s stock.

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Quantenna Communications 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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