Quotient Technology (NYSE:QUOT) Trading Down 4.1% Following Insider Selling

Quotient Technology Inc. (NYSE:QUOT) was down 4.1% on Monday after an insider sold shares in the company. The company traded as low as $11.51 and last traded at $11.61. Approximately 10,427 shares were traded during trading, a decline of 99% from the average daily volume of 882,241 shares. The stock had previously closed at $12.11.

Specifically, Director Mckenna Michelle sold 13,171 shares of the business’s stock in a transaction on Wednesday, May 12th. The stock was sold at an average price of $11.83, for a total transaction of $155,812.93. Following the sale, the director now directly owns 37,684 shares of the company’s stock, valued at $445,801.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven R. Boal sold 5,000 shares of the business’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $16.63, for a total value of $83,150.00. Following the sale, the chief executive officer now directly owns 3,657,837 shares in the company, valued at $60,829,829.31. The disclosure for this sale can be found here. Insiders sold a total of 33,171 shares of company stock worth $477,863 in the last three months. Company insiders own 10.00% of the company’s stock.

A number of equities research analysts have recently issued reports on QUOT shares. TheStreet raised Quotient Technology from a “d” rating to a “c-” rating in a research report on Thursday, February 18th. Colliers Securities reiterated a “buy” rating on shares of Quotient Technology in a report on Tuesday, April 13th. Finally, Zacks Investment Research downgraded Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, May 6th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.60.

The company has a debt-to-equity ratio of 0.66, a current ratio of 3.67 and a quick ratio of 3.67. The firm has a market cap of $1.06 billion, a PE ratio of -20.36 and a beta of 0.85. The business has a fifty day moving average price of $15.40 and a two-hundred day moving average price of $11.74.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Wednesday, May 5th. The technology company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). Quotient Technology had a negative return on equity of 17.49% and a negative net margin of 11.77%. As a group, sell-side analysts forecast that Quotient Technology Inc. will post -0.44 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trigran Investments Inc. grew its stake in Quotient Technology by 2.8% in the fourth quarter. Trigran Investments Inc. now owns 8,755,566 shares of the technology company’s stock valued at $82,477,000 after purchasing an additional 236,395 shares in the last quarter. BlackRock Inc. grew its stake in Quotient Technology by 11.7% in the first quarter. BlackRock Inc. now owns 6,666,543 shares of the technology company’s stock valued at $108,931,000 after purchasing an additional 698,488 shares in the last quarter. Davis Selected Advisers grew its stake in Quotient Technology by 0.7% in the fourth quarter. Davis Selected Advisers now owns 3,777,056 shares of the technology company’s stock valued at $35,580,000 after purchasing an additional 26,575 shares in the last quarter. Samjo Capital LLC purchased a new position in Quotient Technology in the fourth quarter valued at about $23,409,000. Finally, Ophir Asset Management Pty Ltd purchased a new position in Quotient Technology in the first quarter valued at about $31,194,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.

About Quotient Technology (NYSE:QUOT)

Quotient Technology Inc operates as a digital media and promotions technology company that offers power integrated digital media and promotions programs for brands and retailers. The company offers Quotient Promotions Platform offers digital paperless and print promotions, including Coupons.com website and mobile applications; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.

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