Key Points
- Daniel Asher bought 19,660 shares of Sequans on Jan. 20 at $5.29, raising his stake to 1,873,078 shares (a 1.06% increase) valued at about $9.91 million.
- He has been actively accumulating throughout January, purchasing a total of 210,732 shares across multiple trades for roughly $1.13 million, indicating significant insider buying.
- Sequans is a small-cap semiconductor company (market cap ≈ $76.09 million) trading near $5 with a one-year range of $4.44–$58.30 and a MarketBeat consensus rating of Moderate Buy (consensus target $21.33).
Sequans Communications S.A. (NYSE:SQNS - Get Free Report) major shareholder Daniel Asher acquired 19,660 shares of the company's stock in a transaction that occurred on Tuesday, January 20th. The shares were acquired at an average price of $5.29 per share, for a total transaction of $104,001.40. Following the purchase, the insider owned 1,873,078 shares of the company's stock, valued at $9,908,582.62. This trade represents a 1.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Daniel Asher also recently made the following trade(s):
- On Wednesday, January 21st, Daniel Asher purchased 22,600 shares of Sequans Communications stock. The shares were bought at an average price of $5.24 per share, for a total transaction of $118,424.00.
- On Friday, January 16th, Daniel Asher purchased 11,631 shares of Sequans Communications stock. The stock was bought at an average cost of $5.65 per share, for a total transaction of $65,715.15.
- On Thursday, January 15th, Daniel Asher acquired 28,200 shares of Sequans Communications stock. The shares were bought at an average price of $5.65 per share, with a total value of $159,330.00.
- On Wednesday, January 14th, Daniel Asher bought 15,100 shares of Sequans Communications stock. The stock was bought at an average cost of $5.69 per share, for a total transaction of $85,919.00.
- On Tuesday, January 13th, Daniel Asher bought 57,809 shares of Sequans Communications stock. The stock was bought at an average price of $5.51 per share, for a total transaction of $318,527.59.
- On Monday, January 12th, Daniel Asher purchased 6,800 shares of Sequans Communications stock. The shares were purchased 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 purchased at an average cost of $5.00 per share, with a total value of $135,160.00.
- On Wednesday, January 7th, Daniel Asher purchased 21,900 shares of Sequans Communications stock. The shares were acquired at an average cost of $4.91 per share, for a total transaction of $107,529.00.
Sequans Communications Stock Down 0.9%
Shares of Sequans Communications stock opened at $5.31 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.97 and a quick ratio of 0.87. Sequans Communications S.A. has a 1-year low of $4.44 and a 1-year high of $58.30. The business's fifty day moving average price is $5.48 and its two-hundred day moving average price is $10.20. The company has a market capitalization of $76.09 million, a P/E ratio of -0.66 and a beta of 0.22.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Sequans Communications in a research note on Monday, December 29th. Lake Street Capital assumed coverage on Sequans Communications in a report on Wednesday, December 10th. They set a "buy" rating and a $18.00 target price on the stock. Finally, B. Riley decreased their price target 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Sequans Communications presently has an average rating of "Moderate Buy" and a consensus target price of $21.33.
Read Our Latest Research Report on SQNS
Institutional Trading of Sequans Communications
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in Sequans Communications during the third quarter worth approximately $26,000. Meteora Capital LLC acquired a new stake in shares of Sequans Communications during the 2nd quarter valued at $74,000. Krilogy Financial LLC bought a new stake in shares of Sequans Communications during the 3rd quarter worth $568,000. Moore Capital Management LP acquired a new position in shares of Sequans Communications in the 3rd quarter worth $581,000. Finally, Credit Industriel ET Commercial grew its holdings in shares of Sequans Communications by 48.8% in the 2nd quarter. Credit Industriel ET Commercial now owns 598,166 shares of the semiconductor company's stock worth $879,000 after acquiring an additional 196,162 shares during the last quarter. 63.33% of the stock is owned by institutional investors and hedge funds.
Sequans Communications Company Profile
(
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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