Koch Industries Inc. Takes Position in Quotient Technology Inc (QUOT)
Koch Industries Inc. purchased a new stake in Quotient Technology Inc (NYSE:QUOT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,869 shares of the technology company’s stock, valued at approximately $304,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. American International Group Inc. boosted its holdings in Quotient Technology by 8.1% in the third quarter. American International Group Inc. now owns 49,402 shares of the technology company’s stock valued at $773,000 after purchasing an additional 3,694 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Quotient Technology by 3.4% in the second quarter. California State Teachers Retirement System now owns 130,502 shares of the technology company’s stock valued at $1,501,000 after purchasing an additional 4,268 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Quotient Technology by 116.7% in the third quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock valued at $175,000 after purchasing an additional 6,069 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Quotient Technology by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 57,385 shares of the technology company’s stock valued at $660,000 after purchasing an additional 7,819 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Quotient Technology in the fourth quarter valued at approximately $121,000. 74.75% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Steven Michael Horowitz sold 56,300 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $13.18, for a total transaction of $742,034.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Steven R. Boal sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $13.20, for a total value of $660,000.00. Following the sale, the chairman now owns 3,300,146 shares of the company’s stock, valued at approximately $43,561,927.20. The disclosure for this sale can be found here. 11.46% of the stock is currently owned by insiders.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.06 earnings per share for the quarter. Quotient Technology had a negative return on equity of 3.02% and a negative net margin of 4.68%. The company had revenue of $93.09 million during the quarter, compared to analysts’ expectations of $92.48 million. research analysts predict that Quotient Technology Inc will post 0.11 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. First Analysis upped their price target on Quotient Technology to $18.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer assumed coverage on Quotient Technology in a report on Wednesday, February 21st. They issued an “outperform” rating and a $16.00 price target for the company. ValuEngine downgraded Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Zacks Investment Research raised Quotient Technology from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.63.
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Quotient Technology Company Profile
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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