Key Points
- Daniel Asher purchased 12,300 shares of Sequans on Jan. 26 at $5.12 and made multiple additional buys throughout January, bringing his direct holdings to 140,011,100 shares (a reported 0.01% increase).
- SQNS opened around $5.13 with a market cap of $73.44M and a 1‑year range of $4.44–$58.30, and analysts hold a consensus of Moderate Buy with an average price target of $21.33 despite mixed individual ratings.
Sequans Communications S.A. (NYSE:SQNS - Get Free Report) major shareholder Daniel Asher bought 12,300 shares of the firm's stock in a transaction dated Monday, January 26th. The shares were bought at an average price of $5.12 per share, with a total value of $62,976.00. Following the completion of the transaction, the insider directly owned 140,011,100 shares in the company, valued at approximately $716,856,832. This trade represents a 0.01% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Wednesday, January 21st, Daniel Asher purchased 22,600 shares of Sequans Communications stock. The stock was purchased at an average price of $5.24 per share, for a total transaction of $118,424.00.
- On Tuesday, January 20th, Daniel Asher acquired 19,660 shares of Sequans Communications stock. The shares were purchased at an average cost of $5.29 per share, for a total transaction of $104,001.40.
- On Friday, January 16th, Daniel Asher acquired 11,631 shares of Sequans Communications stock. The shares were purchased at an average price of $5.65 per share, with a total value of $65,715.15.
- On Thursday, January 15th, Daniel Asher bought 28,200 shares of Sequans Communications stock. The stock was purchased at an average cost 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 purchased at an average price of $5.69 per share, for a total transaction of $85,919.00.
- On Tuesday, January 13th, Daniel Asher purchased 57,809 shares of Sequans Communications stock. The shares were purchased at an average cost 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 stock was purchased at an average cost of $5.36 per share, with a total value of $36,448.00.
- On Friday, January 9th, Daniel Asher acquired 27,032 shares of Sequans Communications stock. The stock was purchased at an average price of $5.00 per share, with a total value of $135,160.00.
- On Wednesday, January 7th, Daniel Asher acquired 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 Performance
SQNS stock opened at $5.13 on Thursday. Sequans Communications S.A. has a 1-year low of $4.44 and a 1-year high of $58.30. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The firm has a market cap of $73.44 million, a PE ratio of -0.63 and a beta of 0.22. The business's 50-day moving average price is $5.41 and its two-hundred day moving average price is $9.45.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on SQNS shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Sequans Communications in a research report on Monday, December 29th. Lake Street Capital initiated 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 on the stock. Finally, B. Riley lowered their price objective on shares of Sequans Communications from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.33.
Get Our Latest Stock Analysis on SQNS
Institutional Investors Weigh In On Sequans Communications
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in Sequans Communications in the 3rd quarter valued at approximately $26,000. Meteora Capital LLC acquired a new stake in shares of Sequans Communications in the second quarter valued at approximately $74,000. Krilogy Financial LLC bought a new stake in shares of Sequans Communications in the third quarter worth $568,000. Moore Capital Management LP acquired a new position in Sequans Communications during the third quarter worth $581,000. Finally, Alyeska Investment Group L.P. acquired a new position in Sequans Communications during the third quarter worth $2,590,000. Institutional investors and hedge funds 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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