Ameriprise Financial Inc. cut its holdings in QUANTENNA COMMS (NASDAQ:QTNA) by 59.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,947 shares of the technology company’s stock after selling 53,478 shares during the period. Ameriprise Financial Inc. owned 0.11% of QUANTENNA COMMS worth $702,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of QTNA. Creative Planning bought a new position in shares of QUANTENNA COMMS in the second quarter worth about $102,000. Swiss National Bank bought a new position in shares of QUANTENNA COMMS in the second quarter worth about $262,000. Bank of Montreal Can bought a new position in shares of QUANTENNA COMMS in the second quarter worth about $362,000. Alliancebernstein L.P. bought a new position in shares of QUANTENNA COMMS in the second quarter worth about $378,000. Finally, Rhumbline Advisers bought a new position in shares of QUANTENNA COMMS in the second quarter worth about $413,000. Institutional investors and hedge funds own 37.54% of the company’s stock.

A number of equities analysts have recently commented on QTNA shares. Roth Capital dropped their price objective on QUANTENNA COMMS from $27.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday. ValuEngine lowered QUANTENNA COMMS from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays PLC dropped their price objective on QUANTENNA COMMS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. Needham & Company LLC dropped their price objective on QUANTENNA COMMS from $26.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Tuesday. Finally, Zacks Investment Research lowered QUANTENNA COMMS from a “hold” rating to a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. QUANTENNA COMMS currently has a consensus rating of “Buy” and an average target price of $21.50.

In related news, SVP Lionel Bonnot sold 8,600 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $17.98, for a total transaction of $154,628.00. Following the transaction, the senior vice president now directly owns 27,500 shares in the company, valued at $494,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David William Carroll sold 8,500 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $17.63, for a total value of $149,855.00. Following the transaction, the senior vice president now owns 45,600 shares in the company, valued at $803,928. The disclosure for this sale can be found here. Insiders have sold 138,433 shares of company stock worth $2,340,397 over the last 90 days. Corporate insiders own 22.62% of the company’s stock.

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QUANTENNA COMMS (NASDAQ:QTNA) opened at $12.02 on Friday. QUANTENNA COMMS has a 12 month low of $9.60 and a 12 month high of $25.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.17 and a current ratio of 4.06. The stock has a market capitalization of $418.07 and a PE ratio of 118.70.

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.

Institutional Ownership by Quarter for QUANTENNA COMMS (NASDAQ:QTNA)

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