Emerald Mutual Fund Advisers Trust continued to hold its stake in Quantenna Comms (NASDAQ:QTNA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,010 shares of the technology company’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.39% of Quantenna Comms worth $2,470,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of QTNA. FMR LLC acquired a new stake in Quantenna Comms during the fourth quarter worth about $6,593,000. Norges Bank acquired a new position in shares of Quantenna Comms during the fourth quarter valued at $181,000. Russell Investments Group Ltd. acquired a new position in shares of Quantenna Comms during the first quarter valued at $416,000. Bank of New York Mellon Corp boosted its position in shares of Quantenna Comms by 335.3% in the first quarter. Bank of New York Mellon Corp now owns 58,627 shares of the technology company’s stock valued at $1,221,000 after buying an additional 45,159 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Quantenna Comms by 104.6% in the first quarter. Ameriprise Financial Inc. now owns 90,425 shares of the technology company’s stock valued at $1,884,000 after buying an additional 46,223 shares in the last quarter. 30.80% of the stock is owned by institutional investors and hedge funds.
Quantenna Comms (NASDAQ:QTNA) opened at 16.68 on Friday. The company’s market capitalization is $577.63 million. Quantenna Comms has a 1-year low of $13.75 and a 1-year high of $25.45. The company has a 50 day moving average of $19.00 and a 200 day moving average of $19.90.
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QTNA has been the subject of several research reports. Zacks Investment Research raised shares of Quantenna Comms from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $26.00 price target on shares of Quantenna Comms in a research note on Tuesday, May 9th. Finally, Barclays PLC decreased their price target on shares of Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $23.83.
In other Quantenna Comms news, CFO Sean Sobers sold 4,966 shares of Quantenna Comms stock in a transaction on Monday, August 7th. The stock was sold at an average price of $19.29, for a total transaction of $95,794.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lionel Bonnot sold 8,600 shares of Quantenna Comms stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $17.98, for a total value of $154,628.00. Following the transaction, the senior vice president now owns 27,500 shares of the company’s stock, valued at approximately $494,450. The disclosure for this sale can be found here. Insiders have sold 2,174,977 shares of company stock valued at $43,216,069 in the last quarter. 22.62% of the stock is owned by company insiders.
About Quantenna Comms
Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.
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