Quantenna Communications Inc (QTNA) Director John Scull Sells 65,922 Shares

Quantenna Communications Inc (NASDAQ:QTNA) Director John Scull sold 65,922 shares of the company’s stock in a transaction dated 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 in the company, valued at $274,285.44. The sale was disclosed in a filing with the SEC, which is available 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.

Shares of QTNA opened at $16.89 on Friday. Quantenna Communications Inc has a fifty-two week low of $10.16 and a fifty-two week high of $19.41. The company has a market capitalization of $663.38 million, a PE ratio of 104.35, a price-to-earnings-growth ratio of 8.17 and a beta of 1.33.

Quantenna Communications (NASDAQ:QTNA) last announced 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. Quantenna Communications had a net margin of 17.07% and a return on equity of 3.65%. The firm had revenue of $59.30 million during the quarter, compared to analysts’ expectations of $58.06 million. During the same quarter in the prior year, the company earned $0.14 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. As a group, research analysts expect that Quantenna Communications Inc will post 0.11 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlueMountain Capital Management LLC purchased a new stake in shares of Quantenna Communications in the 2nd quarter worth approximately $185,000. Quantum Capital Management lifted its position in shares of Quantenna Communications by 11.6% in the 2nd 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 period. Renaissance Technologies LLC lifted its position in shares of Quantenna Communications by 432.5% in the 2nd quarter. Renaissance Technologies LLC now owns 294,500 shares of the technology company’s stock worth $4,577,000 after purchasing an additional 239,200 shares during the period. Manatuck Hill Partners LLC purchased a new stake in shares of Quantenna Communications in the 2nd quarter worth approximately $1,664,000. Finally, Marathon Capital Management lifted its position in 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 hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. 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 note 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 note 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 note on Wednesday, September 5th. BidaskClub upgraded shares of Quantenna Communications from a “hold” rating to a “buy” rating in a research note 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 note on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Quantenna Communications presently has an average rating of “Buy” and a consensus target price of $19.80.

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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.

See Also: Dollar Cost Averaging

Insider Buying and Selling by Quarter for Quantenna Communications (NASDAQ:QTNA)

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