Quantenna Communications Inc (NASDAQ:QTNA) Chairman Sam Heidari sold 8,000 shares of the company’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $16.02, for a total transaction of $128,160.00. Following the completion of the sale, the chairman now directly owns 199,028 shares of the company’s stock, valued at approximately $3,188,428.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sam Heidari also recently made the following trade(s):
- On Tuesday, January 8th, Sam Heidari sold 15,000 shares of Quantenna Communications stock. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00.
NASDAQ QTNA opened at $16.08 on Monday. The stock has a market cap of $568.03 million, a price-to-earnings ratio of -804.00, a P/E/G ratio of 0.87 and a beta of 0.94. Quantenna Communications Inc has a 1 year low of $12.19 and a 1 year high of $19.41.
A number of equities research analysts have weighed in on QTNA shares. TheStreet downgraded shares of Quantenna Communications from a “c-” rating to a “d+” rating in a report on Monday, December 17th. BidaskClub downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Thursday, November 22nd. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $19.80.
A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. bought a new stake in Quantenna Communications during the second quarter worth approximately $159,000. Fox Run Management L.L.C. bought a new stake in Quantenna Communications during the third quarter worth approximately $198,000. AQR Capital Management LLC bought a new stake in Quantenna Communications during the third quarter worth approximately $202,000. Metropolitan Life Insurance Co. NY boosted its position in Quantenna Communications by 48.9% during 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 bought a new stake in Quantenna Communications during the second quarter worth approximately $185,000. Hedge funds and other institutional investors own 62.89% of the company’s stock.
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.
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