Jackson Square Partners LLC lessened its holdings in Quotient Technology Inc. (NYSE:QUOT) by 93.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 122,943 shares of the technology company’s stock after selling 1,716,142 shares during the period. Jackson Square Partners LLC owned 0.13% of Quotient Technology worth $1,924,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Quotient Technology by 7.1% during the second quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock valued at $65,419,000 after purchasing an additional 378,031 shares in the last quarter. Senvest Management LLC grew its position in shares of Quotient Technology by 36.3% during the third quarter. Senvest Management LLC now owns 3,628,876 shares of the technology company’s stock valued at $56,792,000 after purchasing an additional 966,309 shares in the last quarter. Davis Selected Advisers grew its position in shares of Quotient Technology by 0.4% during the second quarter. Davis Selected Advisers now owns 1,809,532 shares of the technology company’s stock valued at $20,810,000 after purchasing an additional 6,897 shares in the last quarter. Granite Investment Partners LLC grew its position in shares of Quotient Technology by 4.9% during the third quarter. Granite Investment Partners LLC now owns 1,594,399 shares of the technology company’s stock valued at $24,953,000 after purchasing an additional 74,481 shares in the last quarter. Finally, Elk Creek Partners LLC grew its position in shares of Quotient Technology by 5.2% during the third quarter. Elk Creek Partners LLC now owns 1,323,256 shares of the technology company’s stock valued at $20,709,000 after purchasing an additional 65,321 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Shares of Quotient Technology Inc. (NYSE:QUOT) traded up $0.12 during trading hours on Friday, hitting $11.53. 103,966 shares of the company were exchanged, compared to its average volume of 486,318. Quotient Technology Inc. has a 1 year low of $9.10 and a 1 year high of $17.85.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). The firm had revenue of $81.95 million during the quarter, compared to the consensus estimate of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.13) EPS. research analysts expect that Quotient Technology Inc. will post -0.14 earnings per share for the current year.

A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Friday, September 1st. BidaskClub downgraded shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. ValuEngine downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Bank of America reaffirmed a “neutral” rating and issued a $20.00 price target (up previously from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. Finally, Dougherty & Co reaffirmed a “buy” rating and issued a $20.00 price target (up previously from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Quotient Technology currently has an average rating of “Hold” and a consensus target price of $17.88.

In other news, Director Andrew J. Gessow acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $12.25 per share, with a total value of $61,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven R. Boal sold 80,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $16.01, for a total transaction of $1,280,800.00. Following the completion of the sale, the insider now directly owns 488,823 shares of the company’s stock, valued at approximately $7,826,056.23. The disclosure for this sale can be found here. In the last three months, insiders sold 946,783 shares of company stock valued at $15,808,792. 11.46% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Quotient Technology (NYSE:QUOT)

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