Key Points
- Daniel Asher purchased 57,809 shares of Sequans (NYSE:SQNS) on Jan. 13 at $5.51 per share for $318,527.59, bringing his direct holdings to 1,789,487 shares (a 3.34% ownership increase, valued ≈ $9.86M).
- Between Jan. 7–14 he accumulated roughly 128,641 shares in total across multiple buys at average prices of $4.91–$5.69, spending about $684K, indicating notable insider accumulation.
- Sequans stock opened at $5.59 (down 3.4%) with a market cap ≈ $80M; analysts' consensus is a “Moderate Buy” with an average price target of $10.83, though ratings range from Strong Buy to Sell.
Sequans Communications S.A. (NYSE:SQNS - Get Free Report) major shareholder Daniel Asher bought 15,100 shares of the stock in a transaction on Wednesday, January 14th. The stock was acquired at an average price of $5.69 per share, with a total value of $85,919.00. Following the completion of the acquisition, the insider owned 1,813,587 shares of the company's stock, valued at $10,319,310.03. This represents a 0.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Daniel Asher also recently made the following trade(s):
- On Tuesday, January 13th, Daniel Asher purchased 57,809 shares of Sequans Communications stock. The shares were acquired at an average price of $5.51 per share, for a total transaction of $318,527.59.
- On Monday, January 12th, Daniel Asher acquired 6,800 shares of Sequans Communications stock. The stock was bought at an average price of $5.36 per share, with a total value of $36,448.00.
- On Friday, January 9th, Daniel Asher bought 27,032 shares of Sequans Communications stock. The shares were bought at an average price of $5.00 per share, for a total transaction of $135,160.00.
- On Wednesday, January 7th, Daniel Asher purchased 21,900 shares of Sequans Communications stock. The stock was bought at an average price of $4.91 per share, with a total value of $107,529.00.
Sequans Communications Stock Performance
Shares of SQNS opened at $5.59 on Friday. Sequans Communications S.A. has a one year low of $4.44 and a one year high of $58.30. The company has a market cap of $80.03 million, a PE ratio of -0.69 and a beta of 0.22. The stock has a 50-day moving average of $5.57 and a 200-day moving average of $4.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.97 and a quick ratio of 0.87.
Institutional Trading of Sequans Communications
Several hedge funds have recently added to or reduced their stakes in SQNS. Bank of America Corp DE purchased a new position in Sequans Communications in the third quarter valued at about $26,000. Meteora Capital LLC purchased a new stake in Sequans Communications in the second quarter worth $74,000. Krilogy Financial LLC purchased a new stake in Sequans Communications during the third quarter valued at about $568,000. Moore Capital Management LP bought a new position in Sequans Communications during the third quarter worth about $581,000. Finally, Credit Industriel ET Commercial increased its stake in shares of Sequans Communications by 48.8% in the second quarter. Credit Industriel ET Commercial now owns 598,166 shares of the semiconductor company's stock worth $879,000 after purchasing an additional 196,162 shares in the last quarter. Institutional investors own 63.33% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SQNS. B. Riley dropped their price target on shares of Sequans Communications from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, November 20th. Lake Street Capital began coverage on shares of Sequans Communications in a research report on Wednesday, December 10th. They set a "buy" rating and a $18.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Sequans Communications in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.83.
Read Our Latest Analysis on Sequans Communications
About Sequans Communications
(
Get Free Report)
Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans's products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.
The company's portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.
Further Reading
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