Quantenna Communications Inc (NASDAQ:QTNA) CEO Sam Heidari sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the chief executive officer now owns 206,028 shares of the company’s stock, valued at approximately $3,090,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of QTNA stock opened at $15.66 on Friday. The firm has a market capitalization of $568.03 million, a PE ratio of -783.00, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. Quantenna Communications Inc has a 12 month low of $12.19 and a 12 month high of $19.41.
Quantenna Communications (NASDAQ:QTNA) last announced its quarterly earnings data on Monday, October 29th. The technology company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $59.30 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.14 earnings per share. On average, research analysts forecast that Quantenna Communications Inc will post 0.11 EPS for the current year.
QTNA has been the subject of several research analyst reports. BidaskClub cut shares of Quantenna Communications from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. TheStreet cut shares of 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $19.80.
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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