Sam Heidari Sells 15,000 Shares of Quantenna Communications Inc (QTNA) Stock

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Quantenna Communications Inc (NASDAQ:QTNA) Chairman Sam Heidari sold 15,000 shares of Quantenna Communications stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $20.00, for a total value of $300,000.00. Following the sale, the chairman now directly owns 330,336 shares of the company’s stock, valued at approximately $6,606,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 NASDAQ QTNA traded up $0.24 during midday trading on Friday, reaching $21.30. The company had a trading volume of 553,810 shares, compared to its average volume of 583,328. Quantenna Communications Inc has a one year low of $12.48 and a one year high of $21.43. The firm has a market cap of $796.19 million, a PE ratio of 266.25, a price-to-earnings-growth ratio of 2.66 and a beta of 1.00.

Quantenna Communications (NASDAQ:QTNA) last released its earnings results on Monday, February 4th. The technology company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Quantenna Communications had a return on equity of 6.63% and a net margin of 1.40%. The company had revenue of $62.60 million during the quarter, compared to analyst estimates of $62.00 million. During the same quarter in the previous year, the company posted $0.01 EPS. Quantenna Communications’s revenue for the quarter was up 51.6% on a year-over-year basis. On average, sell-side analysts anticipate that Quantenna Communications Inc will post 0.38 earnings per share for the current year.

QTNA has been the subject of several research analyst reports. BidaskClub lowered Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Thursday, November 22nd. TheStreet lowered Quantenna Communications from a “c-” rating to a “d+” rating in a research note on Monday, December 17th. Barclays lowered Quantenna Communications from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 17th. Finally, Zacks Investment Research raised Quantenna Communications from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.78.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Quantenna Communications by 6.7% during the 3rd quarter. BlackRock Inc. now owns 2,190,741 shares of the technology company’s stock valued at $40,420,000 after purchasing an additional 137,214 shares during the last quarter. Wells Fargo & Company MN raised its position in Quantenna Communications by 5.7% during the 3rd quarter. Wells Fargo & Company MN now owns 241,483 shares of the technology company’s stock valued at $4,456,000 after purchasing an additional 13,012 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Quantenna Communications during the 4th quarter valued at approximately $2,238,000. Sheets Smith Wealth Management bought a new position in Quantenna Communications during the 4th quarter valued at approximately $287,000. Finally, Northern Trust Corp raised its position in Quantenna Communications by 53.1% during the 2nd quarter. Northern Trust Corp now owns 360,809 shares of the technology company’s stock valued at $5,607,000 after purchasing an additional 125,163 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

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About Quantenna Communications

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.

See Also: Current Ratio

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

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