Key Points
- Daniel Asher bought roughly 168,472 shares of Sequans between Jan 7–16, spending about $909,000, raising his stake to 1,853,418 shares (valued at ~$10.47M) — a 0.63% increase in his position.
- SQNS shares traded near $5.30 with a market cap of about $76M and a 52‑week range of $4.44–$58.30, and analysts' consensus is a Moderate Buy with an average target of $21.33.
Sequans Communications S.A. (NYSE:SQNS - Get Free Report) major shareholder Daniel Asher bought 11,631 shares of the company's stock in a transaction dated Friday, January 16th. The shares were purchased at an average price of $5.65 per share, with a total value of $65,715.15. Following the completion of the acquisition, the insider owned 1,853,418 shares of the company's stock, valued at $10,471,811.70. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Daniel Asher also recently made the following trade(s):
- On Thursday, January 15th, Daniel Asher purchased 28,200 shares of Sequans Communications stock. The shares were acquired at an average price of $5.65 per share, for a total transaction of $159,330.00.
- On Wednesday, January 14th, Daniel Asher purchased 15,100 shares of Sequans Communications stock. The shares were acquired at an average cost of $5.69 per share, with a total value of $85,919.00.
- On Tuesday, January 13th, Daniel Asher acquired 57,809 shares of Sequans Communications stock. The stock was acquired at an average price of $5.51 per share, with a total value of $318,527.59.
- On Monday, January 12th, Daniel Asher acquired 6,800 shares of Sequans Communications stock. The stock was acquired at an average price of $5.36 per share, for a total transaction of $36,448.00.
- On Friday, January 9th, Daniel Asher bought 27,032 shares of Sequans Communications stock. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $135,160.00.
- On Wednesday, January 7th, Daniel Asher bought 21,900 shares of Sequans Communications stock. The shares were acquired at an average price of $4.91 per share, with a total value of $107,529.00.
Sequans Communications Stock Performance
Shares of SQNS stock opened at $5.30 on Wednesday. The firm has a market capitalization of $75.99 million, a price-to-earnings ratio of -0.66 and a beta of 0.22. The stock has a fifty day moving average of $5.52 and a 200 day moving average of $10.27. Sequans Communications S.A. has a 52 week low of $4.44 and a 52 week high of $58.30. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 0.68.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on SQNS shares. Lake Street Capital started coverage on shares of Sequans Communications in a research note on Wednesday, December 10th. They issued a "buy" rating and a $18.00 price target for the company. Weiss Ratings reissued a "sell (d)" rating on shares of Sequans Communications in a research report on Monday, December 29th. Finally, B. Riley lowered their target price on Sequans Communications from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Sequans Communications presently has an average rating of "Moderate Buy" and an average target price of $21.33.
View Our Latest Research Report on Sequans Communications
Hedge Funds Weigh In On Sequans Communications
Institutional investors and hedge funds have recently made changes to their positions in the business. Hood River Capital Management LLC bought a new stake in shares of Sequans Communications in the 2nd quarter worth approximately $20,746,000. NewGen Equity Long Short Fund bought a new stake in Sequans Communications in the second quarter worth $4,638,000. NewGen Asset Management Ltd purchased a new stake in shares of Sequans Communications in the second quarter worth $4,638,000. Boothbay Fund Management LLC grew its stake in shares of Sequans Communications by 1.5% in the second quarter. Boothbay Fund Management LLC now owns 1,673,609 shares of the semiconductor company's stock worth $2,460,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Yorkville Advisors Global LP bought a new position in shares of Sequans Communications during the third quarter valued at $7,218,000. Institutional investors own 63.33% of the company's stock.
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.
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