Quantenna Communications Inc (NASDAQ:QTNA) CEO Sam Heidari sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the chief executive officer now directly owns 206,028 shares of the company’s stock, valued at $3,090,420. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Sam Heidari also recently made the following trade(s):
- On Friday, January 11th, Sam Heidari sold 8,000 shares of Quantenna Communications stock. The stock was sold at an average price of $16.02, for a total value of $128,160.00.
NASDAQ:QTNA opened at $16.08 on Friday. The stock has a market cap of $568.03 million, a PE ratio of -804.00, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. Quantenna Communications Inc has a 1 year low of $12.19 and a 1 year high of $19.41.
Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings data on Monday, October 29th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $59.30 million during the quarter, compared to analysts’ expectations of $58.06 million. Quantenna Communications had a return on equity of 3.65% and a net margin of 17.07%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. Equities research analysts predict that Quantenna Communications Inc will post 0.11 earnings per share for the current year.
Several research analysts have recently issued reports on QTNA shares. TheStreet cut Quantenna Communications from a “c-” rating to a “d+” rating in a research report on Monday, December 17th. BidaskClub raised Quantenna Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Quantenna Communications currently has an average rating of “Buy” and an average target price of $19.80.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sheets Smith Wealth Management acquired a new stake in shares of Quantenna Communications in the 4th quarter valued at about $287,000. Vanguard Group Inc boosted its position in shares of Quantenna Communications by 8.6% in the 3rd quarter. Vanguard Group Inc now owns 1,158,833 shares of the technology company’s stock valued at $21,380,000 after purchasing an additional 91,503 shares during the period. Vanguard Group Inc. boosted its position in shares of Quantenna Communications by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,833 shares of the technology company’s stock valued at $21,380,000 after purchasing an additional 91,503 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Quantenna Communications by 57.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 233,538 shares of the technology company’s stock valued at $4,309,000 after purchasing an additional 85,043 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Quantenna Communications by 27.7% in the 3rd quarter. Teachers Advisors LLC now owns 70,409 shares of the technology company’s stock valued at $1,299,000 after purchasing an additional 15,293 shares during the period. 62.89% of the stock is owned by hedge funds and other institutional investors.
Quantenna Communications Company Profile
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.
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