Insider Selling: Quotient Technology Inc. (QUOT) CEO Sells 20,000 Shares of Stock
Quotient Technology Inc. (NYSE:QUOT) CEO Steven R. Boal sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $13.26, for a total value of $265,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,294,605 shares in the company, valued at approximately $17,166,462.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Quotient Technology Inc. (NYSE:QUOT) opened at 13.03 on Wednesday. The firm’s 50-day moving average price is $13.32 and its 200 day moving average price is $12.29. The company’s market capitalization is $1.09 billion. Quotient Technology Inc. has a 1-year low of $5.00 and a 1-year high of $14.36.
Quotient Technology (NYSE:QUOT) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The firm had revenue of $67.20 million for the quarter, compared to the consensus estimate of $63.52 million. During the same period in the prior year, the business earned ($0.11) EPS. Quotient Technology’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts predict that Quotient Technology Inc. will post $0.07 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its position in Quotient Technology by 25.0% in the first quarter. Legal & General Group Plc now owns 10,010 shares of the company’s stock valued at $107,000 after buying an additional 1,999 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Quotient Technology by 38.4% in the second quarter. Teacher Retirement System of Texas now owns 9,892 shares of the company’s stock valued at $133,000 after buying an additional 2,747 shares in the last quarter. Zacks Investment Management purchased a new position in Quotient Technology during the second quarter valued at approximately $166,000. Bayesian Capital Management LP purchased a new position in Quotient Technology during the first quarter valued at approximately $171,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Quotient Technology during the second quarter valued at approximately $174,000. 74.62% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on QUOT shares. Loop Capital started coverage on Quotient Technology in a research report on Wednesday, August 10th. They issued a “buy” rating and a $16.00 target price on the stock. Dougherty & Co raised Quotient Technology from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, September 14th. Zacks Investment Research raised Quotient Technology from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Saturday, July 16th. Boenning Scattergood reaffirmed a “buy” rating and issued a $15.00 target price on shares of Quotient Technology in a research report on Friday, September 30th. Finally, RBC Capital Markets reaffirmed a “hold” rating on shares of Quotient Technology in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $14.00.
Quotient Technology Company Profile
Quotient Technology Inc, formerly Coupons.com Incorporated, is a provider of digital promotions and media solutions. The Company connects consumer packaged goods (CPG) brands and retailers with shoppers by offering digital promotions and media to shoppers through mobile, Web and social channels. The Company’s platform is used by brands, as well as retailers in the grocery, drug, dollar, club and mass merchandise channels to engage shoppers at the critical moments when they are choosing what products to buy and where to shop.
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