23 hedge funds buy Quantenna Communications, Inc. (QTNA) for the first time

Quantenna Communications, Inc. (NASDAQ:QTNA) has made a 19.9% comeback from a 12-month low price of $9.60. It was seen -5.11% lower, changing the price to $11.51, when the closing bell rang on 12/14/2017. At recent session, the prices were hovering between $10.16 and $11.89. This company shares are 44.05% off its target price of $16.58 and the current market capitalization stands at $400.55M. The recent change has given its price a -17.64% deficit over SMA 50 and -54.78% deficit over its 52-week high. The stock witnessed -7.55% declines, -36.23% declines and -40.36% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found QTNA’s volatility during a week at 6.28% and during a month it has been found around 4.46%.

Quantenna Communications, Inc. (QTNA) Top Holders

Institutional investors currently hold around $162 million or 81.9% in QTNA stock. Look at its top three institutional owners. Wellington Management Group Llp owns $30.34 million in Quantenna Communications, Inc., which represents roughly 7.57% of the company’s market cap and approximately 18.73% of the institutional ownership. Similar statistics are true for the second largest owner, Sc Us (Ttgp), Ltd., which owns 1,872,191 shares of the stock are valued at $22.71 million. The third largest holder is Blackrock Inc., which currently holds $15.62 million worth of this stock and that ownership represents nearly 3.9% of its market capitalization.

Quantenna Communications, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 54 institutional holders increased their position in Quantenna Communications, Inc. (NASDAQ:QTNA) by some 2,984,025 shares, 39 decreased positions by 2,699,093 and 11 held positions by 7,712,752. That puts total institutional holdings at 13,395,870 shares, according to SEC filings. The stock grabbed 23 new institutional investments totaling 1,243,194 shares while 25 institutional investors sold out their entire positions totaling 1,812,493 shares.

Quantenna Communications, Inc. (NASDAQ:QTNA) Insider Trades

Multiple company employees have indulged in significant insider trading. Quantenna Communications, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP Mktg & Business Dev. Bonnot Lionel has sold 5,500 shares of Quantenna Communications, Inc. (QTNA) in trading session dated Nov. 28, 2017. These shares are worth $67,925 and were traded at $12.35 each. The SEC filing shows that Bonnot Lionel performed a sale of 5,500 shares. The SVP Mktg & Business Dev. disposed these shares by way of transaction on Nov. 21, 2017. The company’s shares were given away at $12.44 per share worth to an income of some $68,420 on account of Bonnot Lionel.

SVP Mktg & Business Dev., Bonnot Lionel, sold 6,899 common shares of Quantenna Communications, Inc. (QTNA) in the open market. In a transaction dated Nov. 16, 2017, the shares were put up for sale at an average price of $12.33, raking in a sum of $85,065. After this sale, 17,184 common shares of QTNA are directly owned by the insider, with total stake valued at $197,788.

In the transaction dated Nov. 07, 2017, the great number of shares disposed came courtesy the SVP Mktg & Business Dev.; Bonnot Lionel disposed a total of 5,500 shares at an average price of $10.72, amounting to approximately $58,960. The insider now directly owns 17,184 shares worth $197,788.

Quantenna Communications, Inc. (QTNA) Analyst Guide

Several analysts have released their opinion on Quantenna Communications, Inc. (NASDAQ:QTNA), with 5 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.08 average brokerage recommendation.

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