Quantenna Communications Inc (QTNA) SVP David William Carroll Sells 39,083 Shares

Quantenna Communications Inc (NASDAQ:QTNA) SVP David William Carroll sold 39,083 shares of the stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $15.50, for a total value of $605,786.50. The transaction was disclosed in a filing with the SEC, which is available at this link.

David William Carroll also recently made the following trade(s):

  • On Tuesday, December 31st, David William Carroll sold 281 shares of Quantenna Communications stock. The shares were sold at an average price of $14.20, for a total value of $3,990.20.
  • On Wednesday, January 2nd, David William Carroll sold 20,929 shares of Quantenna Communications stock. The shares were sold at an average price of $14.06, for a total value of $294,261.74.
  • On Friday, November 30th, David William Carroll sold 6,317 shares of Quantenna Communications stock. The shares were sold at an average price of $14.96, for a total value of $94,502.32.
  • On Wednesday, October 31st, David William Carroll sold 10,689 shares of Quantenna Communications stock. The shares were sold at an average price of $16.73, for a total value of $178,826.97.

Shares of QTNA opened at $16.08 on Friday. The firm has a market capitalization of $568.03 million, a P/E ratio of -804.00, a P/E/G ratio of 0.87 and a beta of 0.94. Quantenna Communications Inc has a 52-week low of $12.19 and a 52-week high of $19.41.

Quantenna Communications (NASDAQ:QTNA) last issued its quarterly earnings results on Monday, October 29th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $59.30 million during the quarter, compared to the consensus estimate of $58.06 million. Quantenna Communications had a return on equity of 3.65% and a net margin of 17.07%. Quantenna Communications’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. On average, analysts anticipate that Quantenna Communications Inc will post 0.11 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. bought a new stake in Quantenna Communications in the second quarter worth $159,000. Fox Run Management L.L.C. purchased a new stake in Quantenna Communications in the third quarter worth $198,000. AQR Capital Management LLC purchased a new stake in Quantenna Communications in the third quarter worth $202,000. Metropolitan Life Insurance Co. NY increased its stake in Quantenna Communications by 48.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 11,207 shares of the technology company’s stock worth $174,000 after purchasing an additional 3,681 shares during the period. Finally, BlueMountain Capital Management LLC purchased a new stake in Quantenna Communications in the second quarter worth $185,000. Institutional investors own 62.89% of the company’s stock.

A number of research firms have recently commented on QTNA. BidaskClub upgraded Quantenna Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. TheStreet downgraded Quantenna Communications from a “c-” rating to a “d+” rating in a research report on Monday, December 17th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $19.80.

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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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