QUANTENNA COMMS (QTNA) SVP Sells $204,330.00 in Stock

QUANTENNA COMMS (NASDAQ:QTNA) SVP Lionel Bonnot sold 9,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $20.85, for a total transaction of $204,330.00. Following the completion of the transaction, the senior vice president now directly owns 180 shares of the company’s stock, valued at approximately $3,753. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lionel Bonnot also recently made the following trade(s):

  • On Tuesday, June 6th, Lionel Bonnot sold 9,700 shares of QUANTENNA COMMS stock. The stock was sold at an average price of $19.79, for a total value of $191,963.00.
  • On Tuesday, May 30th, Lionel Bonnot sold 8,700 shares of QUANTENNA COMMS stock. The stock was sold at an average price of $19.21, for a total value of $167,127.00.
  • On Tuesday, May 9th, Lionel Bonnot sold 9,900 shares of QUANTENNA COMMS stock. The shares were sold at an average price of $21.58, for a total transaction of $213,642.00.
  • On Tuesday, May 2nd, Lionel Bonnot sold 8,600 shares of QUANTENNA COMMS stock. The shares were sold at an average price of $18.18, for a total transaction of $156,348.00.

QUANTENNA COMMS (NASDAQ:QTNA) traded up 1.53% during midday trading on Friday, reaching $19.30. 806,803 shares of the company’s stock traded hands. QUANTENNA COMMS has a 1-year low of $13.75 and a 1-year high of $25.45. The company’s market capitalization is $650.37 million. The firm’s 50 day moving average price is $19.71 and its 200-day moving average price is $19.86.

QUANTENNA COMMS (NASDAQ:QTNA) last posted 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 for the quarter, compared to the consensus estimate of $35.44 million. The business’s revenue for the quarter was up 55.3% on a year-over-year basis. Equities analysts expect that QUANTENNA COMMS will post $0.27 EPS for the current year.

Insider Buying and Selling by Quarter for QUANTENNA COMMS (NASDAQ:QTNA)

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A number of equities research analysts have recently weighed in on QTNA shares. Zacks Investment Research raised shares of QUANTENNA COMMS from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Friday, February 17th. Benchmark Co. started coverage on shares of QUANTENNA COMMS in a report on Tuesday, April 4th. They set a “buy” rating on the stock. Finally, Needham & Company LLC reissued a “strong-buy” rating and set a $26.00 price objective on shares of QUANTENNA COMMS in a report on Tuesday, May 9th. One equities research 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 has an average rating of “Buy” and an average price target of $24.67.

Several institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC acquired a new position in QUANTENNA COMMS during the fourth quarter valued at $133,000. Norges Bank purchased a new position in shares of QUANTENNA COMMS during the fourth quarter valued at approximately $181,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of QUANTENNA COMMS during the first quarter valued at approximately $255,000. Russell Investments Group Ltd. purchased a new position in shares of QUANTENNA COMMS during the first quarter valued at approximately $416,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of QUANTENNA COMMS by 135.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 25,636 shares of the technology company’s stock valued at $534,000 after buying an additional 14,736 shares during the last quarter. Institutional investors own 31.11% of the company’s stock.

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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