Quotient Technology Inc. (QUOT) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its stake in Quotient Technology Inc. (NYSE:QUOT) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,261 shares of the technology company’s stock after selling 70 shares during the period. Wells Fargo & Company MN owned approximately 0.05% of Quotient Technology worth $567,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Quotient Technology by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after acquiring an additional 474 shares during the last quarter. Wrapmanager Inc. boosted its stake in shares of Quotient Technology by 3.8% during the 2nd quarter. Wrapmanager Inc. now owns 16,838 shares of the technology company’s stock worth $194,000 after acquiring an additional 609 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Quotient Technology by 7.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,168 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Quotient Technology by 12.1% during the 2nd quarter. Legal & General Group Plc now owns 17,238 shares of the technology company’s stock worth $198,000 after acquiring an additional 1,865 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Quotient Technology by 0.5% during the 2nd quarter. Sei Investments Co. now owns 383,579 shares of the technology company’s stock worth $4,411,000 after acquiring an additional 1,870 shares during the last quarter. 71.41% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently weighed in on QUOT shares. BidaskClub cut shares of Quotient Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Dougherty & Co reiterated a “buy” rating and set a $20.00 price target (up previously from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th. First Analysis started coverage on shares of Quotient Technology in a research note on Monday, October 9th. They set an “overweight” rating and a $21.00 price target on the stock. ValuEngine upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, TheStreet upgraded shares of Quotient Technology from a “d+” rating to a “c-” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.88.

In other Quotient Technology news, insider Steven R. Boal sold 209,782 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $16.98, for a total value of $3,562,098.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven R. Boal sold 411,799 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $16.78, for a total transaction of $6,909,987.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,234,783 shares of company stock worth $20,051,533. 11.99% of the stock is owned by corporate insiders.

Quotient Technology Inc. (QUOT) opened at $13.95 on Friday. Quotient Technology Inc. has a one year low of $9.10 and a one year high of $17.85.

Quotient Technology (NYSE:QUOT) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). Quotient Technology had a negative net margin of 5.17% and a negative return on equity of 4.96%. The firm had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.24 million. During the same quarter last year, the firm posted ($0.13) EPS. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. analysts expect that Quotient Technology Inc. will post -0.14 earnings per share for the current year.

Quotient Technology Company Profile

Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.

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Institutional Ownership by Quarter for Quotient Technology (NYSE:QUOT)

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