Stone Ridge Asset Management LLC Takes Position in Quantenna Communications Inc (QTNA)

Stone Ridge Asset Management LLC purchased a new position in Quantenna Communications Inc (NASDAQ:QTNA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,349 shares of the technology company’s stock, valued at approximately $138,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new stake in Quantenna Communications in the fourth quarter worth about $129,000. Eqis Capital Management Inc. purchased a new stake in Quantenna Communications in the fourth quarter worth about $163,000. FNY Partners Fund LP purchased a new stake in Quantenna Communications in the fourth quarter worth about $195,000. Spark Investment Management LLC purchased a new stake in Quantenna Communications in the fourth quarter worth about $246,000. Finally, Brown Advisory Inc. purchased a new stake in Quantenna Communications in the third quarter worth about $333,000. Hedge funds and other institutional investors own 47.58% of the company’s stock.

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A number of research firms recently weighed in on QTNA. Northland Securities began coverage on shares of Quantenna Communications in a research note on Thursday, March 8th. They issued an “outperform” rating and a $18.00 price objective for the company. Zacks Investment Research lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. BidaskClub raised shares of Quantenna Communications from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Quantenna Communications in a research note on Tuesday, December 19th. Finally, ValuEngine lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.60.

In other Quantenna Communications news, SVP David William Carroll sold 3,868 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $14.01, for a total transaction of $54,190.68. Following the completion of the sale, the senior vice president now directly owns 42,988 shares of the company’s stock, valued at $602,261.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 12,695 shares of company stock valued at $177,796. Insiders own 22.62% of the company’s stock.

QTNA stock opened at $12.91 on Monday. The stock has a market cap of $464.88, a price-to-earnings ratio of -645.50, a PEG ratio of 1.45 and a beta of 1.45. Quantenna Communications Inc has a one year low of $9.60 and a one year high of $22.50.

Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.11. The business had revenue of $41.30 million during the quarter, compared to analyst estimates of $41.00 million. Quantenna Communications had a net margin of 19.51% and a return on equity of 0.96%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share. equities research analysts predict that Quantenna Communications Inc will post 0.36 EPS for the current year.

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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.

Institutional Ownership by Quarter for Quantenna Communications (NASDAQ:QTNA)

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