Quantenna Comms (NASDAQ:QTNA) Chairman Sam Heidari sold 5,600 shares of Quantenna Comms stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $18.92, for a total value of $105,952.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Sam Heidari also recently made the following trade(s):
- On Tuesday, May 9th, Sam Heidari sold 6,800 shares of Quantenna Comms stock. The shares were sold at an average price of $21.18, for a total value of $144,024.00.
- On Monday, May 1st, Sam Heidari sold 5,600 shares of Quantenna Comms stock. The shares were sold at an average price of $18.11, for a total value of $101,416.00.
Quantenna Comms (QTNA) opened at 19.50 on Tuesday. Quantenna Comms has a 52-week low of $13.75 and a 52-week high of $25.45. The firm has a 50-day moving average of $19.97 and a 200 day moving average of $19.96. The firm’s market cap is $657.13 million.
Quantenna Comms (NASDAQ:QTNA) last announced its quarterly earnings data on Monday, May 8th. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $37.90 million during the quarter, compared to analyst estimates of $35.44 million. The business’s quarterly revenue was up 55.3% compared to the same quarter last year. On average, equities research analysts forecast that Quantenna Comms will post $0.27 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Quantenna Comms by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 1,000,758 shares of the technology company’s stock valued at $20,846,000 after buying an additional 97,641 shares in the last quarter. Whale Rock Capital Management LLC raised its position in shares of Quantenna Comms by 49.9% in the first quarter. Whale Rock Capital Management LLC now owns 912,601 shares of the technology company’s stock valued at $19,009,000 after buying an additional 303,626 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Quantenna Comms during the fourth quarter valued at $12,419,000. FMR LLC raised its position in shares of Quantenna Comms by 44.0% in the first quarter. FMR LLC now owns 523,411 shares of the technology company’s stock valued at $10,903,000 after buying an additional 159,811 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Quantenna Comms by 60.4% in the first quarter. Wellington Management Group LLP now owns 457,255 shares of the technology company’s stock valued at $9,524,000 after buying an additional 172,236 shares in the last quarter. Institutional investors and hedge funds own 31.06% of the company’s stock.
A number of research firms have recently weighed in on QTNA. Zacks Investment Research cut Quantenna Comms from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Needham & Company LLC reissued a “strong-buy” rating and set a $26.00 target price on shares of Quantenna Comms in a report on Tuesday, May 9th. Finally, Benchmark Co. assumed coverage on Quantenna Comms in a report on Tuesday, April 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.17.
About Quantenna Comms
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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