Insider Selling: Quantenna Communications Inc (QTNA) Chairman Sells $300,000.00 in Stock

Quantenna Communications Inc (NASDAQ:QTNA) Chairman Sam Heidari sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $20.00, for a total value of $300,000.00. Following the completion of the transaction, the chairman now directly owns 330,336 shares of the company’s stock, valued at $6,606,720. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sam Heidari also recently made the following trade(s):

  • On Wednesday, February 20th, Sam Heidari sold 2,147 shares of Quantenna Communications stock. The stock was sold at an average price of $17.93, for a total value of $38,495.71.
  • On Wednesday, February 13th, Sam Heidari sold 7,000 shares of Quantenna Communications stock. The stock was sold at an average price of $17.43, for a total value of $122,010.00.
  • 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.
  • On Tuesday, January 8th, Sam Heidari sold 15,000 shares of Quantenna Communications stock. The stock was sold at an average price of $15.00, for a total value of $225,000.00.

Shares of QTNA stock opened at $21.30 on Friday. Quantenna Communications Inc has a 1-year low of $12.48 and a 1-year high of $21.43. The firm has a market cap of $814.96 million, a P/E ratio of 266.25, a price-to-earnings-growth ratio of 2.66 and a beta of 1.00.

Quantenna Communications (NASDAQ:QTNA) last announced its earnings results on Monday, February 4th. The technology company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $62.60 million for the quarter, compared to the consensus estimate of $62.00 million. Quantenna Communications had a return on equity of 6.63% and a net margin of 1.40%. The firm’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 EPS. As a group, analysts predict that Quantenna Communications Inc will post 0.38 earnings per share for the current year.

Several research firms have recently commented on QTNA. TheStreet raised Quantenna Communications from a “d+” rating to a “c-” rating in a research report on Monday, February 25th. BidaskClub raised Quantenna Communications from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered Quantenna Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Barclays downgraded Quantenna Communications from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $19.78.

Institutional investors have recently bought and sold shares of the business. Northern Trust Corp grew its stake in Quantenna Communications by 53.1% during the second quarter. Northern Trust Corp now owns 360,809 shares of the technology company’s stock worth $5,607,000 after buying an additional 125,163 shares in the last quarter. Wells Fargo & Company MN grew its stake in Quantenna Communications by 5.7% during the third quarter. Wells Fargo & Company MN now owns 241,483 shares of the technology company’s stock worth $4,456,000 after buying an additional 13,012 shares in the last quarter. American Century Companies Inc. grew its stake in Quantenna Communications by 31.5% during the third quarter. American Century Companies Inc. now owns 474,686 shares of the technology company’s stock worth $8,758,000 after buying an additional 113,759 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Quantenna Communications by 31.1% during the third quarter. JPMorgan Chase & Co. now owns 2,230,121 shares of the technology company’s stock worth $41,146,000 after buying an additional 529,520 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Quantenna Communications during the third quarter worth about $309,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

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

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