Insider Buying: Quotient Technology Inc. (QUOT) Director Acquires 5,000 Shares of Stock
Quotient Technology Inc. (NYSE:QUOT) Director Andrew J. Gessow purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of $12.25 per share, for a total transaction of $61,250.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Quotient Technology Inc. (NYSE QUOT) traded down $0.25 on Friday, reaching $12.05. The company had a trading volume of 1,303,249 shares, compared to its average volume of 475,794. Quotient Technology Inc. has a twelve month low of $9.10 and a twelve month high of $17.85.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The company had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period last year, the company posted ($0.13) EPS. analysts expect that Quotient Technology Inc. will post -0.14 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Quotient Technology by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock worth $65,419,000 after purchasing an additional 378,031 shares in the last quarter. Senvest Management LLC lifted its holdings in Quotient Technology by 36.3% during the 3rd quarter. Senvest Management LLC now owns 3,628,876 shares of the technology company’s stock worth $56,792,000 after purchasing an additional 966,309 shares in the last quarter. Davis Selected Advisers lifted its holdings in Quotient Technology by 0.4% during the 2nd quarter. Davis Selected Advisers now owns 1,809,532 shares of the technology company’s stock worth $20,810,000 after purchasing an additional 6,897 shares in the last quarter. Granite Investment Partners LLC increased its stake in Quotient Technology by 4.9% in the 3rd quarter. Granite Investment Partners LLC now owns 1,594,399 shares of the technology company’s stock worth $24,953,000 after acquiring an additional 74,481 shares during the last quarter. Finally, Elk Creek Partners LLC increased its stake in Quotient Technology by 5.2% in the 3rd quarter. Elk Creek Partners LLC now owns 1,323,256 shares of the technology company’s stock worth $20,709,000 after acquiring an additional 65,321 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.
About Quotient Technology
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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