OLD National Bancorp IN cut its position in Quotient Technology Inc (NYSE:QUOT) by 24.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,090 shares of the technology company’s stock after selling 4,015 shares during the period. OLD National Bancorp IN’s holdings in Quotient Technology were worth $129,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Quotient Technology by 44.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,419 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,668 shares during the period. We Are One Seven LLC grew its position in Quotient Technology by 23.5% during the fourth quarter. We Are One Seven LLC now owns 18,602 shares of the technology company’s stock valued at $198,000 after buying an additional 3,542 shares during the period. Glenmede Trust Co. NA grew its position in Quotient Technology by 55.3% during the third quarter. Glenmede Trust Co. NA now owns 13,840 shares of the technology company’s stock valued at $213,000 after buying an additional 4,930 shares during the period. Public Employees Retirement Association of Colorado grew its position in Quotient Technology by 119.1% during the third quarter. Public Employees Retirement Association of Colorado now owns 13,847 shares of the technology company’s stock valued at $215,000 after buying an additional 7,528 shares during the period. Finally, Atria Investments LLC bought a new stake in Quotient Technology during the third quarter valued at approximately $339,000. 76.57% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on QUOT shares. Zacks Investment Research lowered shares of Quotient Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 15th. ValuEngine lowered shares of Quotient Technology from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, DA Davidson dropped their price target on shares of Quotient Technology to $20.00 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $17.60.
QUOT opened at $9.44 on Monday. The company has a market capitalization of $898.59 million, a price-to-earnings ratio of -72.62 and a beta of 0.26. Quotient Technology Inc has a 1-year low of $9.00 and a 1-year high of $15.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 6.27 and a quick ratio of 6.27.
In other news, insider Steven R. Boal sold 50,000 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $12.64, for a total value of $632,000.00. Following the transaction, the insider now owns 3,068,672 shares of the company’s stock, valued at $38,788,014.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Chad Summe sold 2,903 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $12.42, for a total transaction of $36,055.26. Following the completion of the transaction, the chief operating officer now directly owns 125,454 shares in the company, valued at approximately $1,558,138.68. The disclosure for this sale can be found here. Insiders sold 152,903 shares of company stock worth $1,801,055 in the last three months. Insiders own 9.50% of the company’s stock.
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Quotient Technology Company Profile
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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