Quantenna Communications Inc (QTNA) Shares Sold by Ibex Investors LLC

Ibex Investors LLC cut its stake in Quantenna Communications Inc (NASDAQ:QTNA) by 33.3% in the first quarter, Holdings Channel reports. The fund owned 40,000 shares of the technology company’s stock after selling 20,000 shares during the period. Ibex Investors LLC’s holdings in Quantenna Communications were worth $973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Quantenna Communications by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,252,719 shares of the technology company’s stock worth $32,326,000 after acquiring an additional 61,978 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Quantenna Communications by 31.1% in the third quarter. JPMorgan Chase & Co. now owns 2,230,121 shares of the technology company’s stock worth $41,146,000 after acquiring an additional 529,520 shares during the last quarter. Trigran Investments Inc. raised its stake in shares of Quantenna Communications by 46.0% in the fourth quarter. Trigran Investments Inc. now owns 1,487,486 shares of the technology company’s stock worth $21,346,000 after acquiring an additional 468,644 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Quantenna Communications by 8.6% in the third quarter. Vanguard Group Inc now owns 1,158,833 shares of the technology company’s stock worth $21,380,000 after acquiring an additional 91,503 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Quantenna Communications by 8.6% in the third quarter. Vanguard Group Inc. now owns 1,158,833 shares of the technology company’s stock worth $21,380,000 after acquiring an additional 91,503 shares during the last quarter. 71.06% of the stock is owned by institutional investors.

A number of brokerages have weighed in on QTNA. BidaskClub raised shares of Quantenna Communications from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Zacks Investment Research raised shares of 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. TheStreet raised shares of Quantenna Communications from a “d+” rating to a “c-” rating in a research note on Monday, February 25th. Stifel Nicolaus downgraded shares of Quantenna Communications from a “buy” rating to a “hold” rating in a research note on Thursday, March 28th. Finally, Barclays raised shares of Quantenna Communications from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $14.00 to $24.00 in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.52.



Shares of QTNA traded up $0.06 on Wednesday, reaching $24.07. 18,128 shares of the company’s stock were exchanged, compared to its average volume of 515,081. The company has a market cap of $924.76 million, a price-to-earnings ratio of 300.56, a price-to-earnings-growth ratio of 3.08 and a beta of 1.02. Quantenna Communications Inc has a 12 month low of $13.03 and a 12 month high of $24.48.

Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $57.68 million during the quarter, compared to the consensus estimate of $57.49 million. Quantenna Communications had a net margin of 2.24% and a return on equity of 6.86%. Quantenna Communications’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, equities analysts anticipate that Quantenna Communications Inc will post 0.39 earnings per share for the current fiscal year.

In related news, Chairman Sam Heidari sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $20.00, for a total transaction of $300,000.00. Following the completion of the sale, the chairman now directly owns 330,336 shares of the company’s stock, valued at $6,606,720. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 52,147 shares of company stock valued at $1,064,746. 13.49% of the stock is currently owned by insiders.

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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 Asia-Pacific, Europe, the Middle East, Africa, and the Americas. Its solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and the draft Wi-Fi 6 standard.

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Institutional Ownership by Quarter for Quantenna Communications (NASDAQ:QTNA)

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