Quantenna Communications Inc (QTNA) SVP Sells $213,282.00 in Stock

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Quantenna Communications Inc (NASDAQ:QTNA) SVP David William Carroll sold 12,546 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $17.00, for a total transaction of $213,282.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

David William Carroll also recently made the following trade(s):

  • On Wednesday, May 30th, David William Carroll sold 8,146 shares of Quantenna Communications stock. The shares were sold at an average price of $15.84, for a total transaction of $129,032.64.
  • On Thursday, May 24th, David William Carroll sold 7,965 shares of Quantenna Communications stock. The shares were sold at an average price of $16.00, for a total transaction of $127,440.00.
  • On Tuesday, May 1st, David William Carroll sold 9,240 shares of Quantenna Communications stock. The shares were sold at an average price of $14.94, for a total transaction of $138,045.60.
  • On Thursday, April 12th, David William Carroll sold 3,866 shares of Quantenna Communications stock. The shares were sold at an average price of $14.00, for a total transaction of $54,124.00.

Shares of NASDAQ QTNA traded down $0.19 during mid-day trading on Thursday, reaching $16.98. The company had a trading volume of 320,000 shares, compared to its average volume of 358,017. The stock has a market cap of $609.76 million, a PE ratio of -849.00, a PEG ratio of 3.71 and a beta of 1.81. Quantenna Communications Inc has a 52 week low of $9.60 and a 52 week high of $21.21.

Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings results on Monday, April 30th. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $45.10 million for the quarter, compared to analysts’ expectations of $43.92 million. Quantenna Communications had a net margin of 17.46% and a return on equity of 0.84%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. research analysts forecast that Quantenna Communications Inc will post 0.23 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Quantenna Communications during the 1st quarter worth about $275,000. Worth Venture Partners LLC grew its holdings in Quantenna Communications by 31.8% during the 1st quarter. Worth Venture Partners LLC now owns 53,111 shares of the technology company’s stock worth $728,000 after acquiring an additional 12,813 shares in the last quarter. Lyon Street Capital LLC bought a new position in Quantenna Communications during the 1st quarter worth about $4,308,000. Millennium Management LLC bought a new position in Quantenna Communications during the 1st quarter worth about $2,106,000. Finally, Segall Bryant & Hamill LLC bought a new position in Quantenna Communications during the 1st quarter worth about $512,000. Hedge funds and other institutional investors own 55.13% of the company’s stock.

A number of research firms have weighed in on QTNA. BidaskClub upgraded shares of Quantenna Communications from a “hold” rating to a “buy” rating in a research report on Wednesday. William Blair began coverage on shares of Quantenna Communications in a research report on Wednesday, May 23rd. They set an “outperform” rating on the stock. ValuEngine upgraded shares of Quantenna Communications from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, Dougherty & Co began coverage on shares of Quantenna Communications in a research report on Tuesday, May 15th. They set a “buy” rating and a $20.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Quantenna Communications currently has an average rating of “Buy” and an average target price of $19.57.

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.

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

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