QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) Director Andrew T. Sheehan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $11.44, for a total value of $572,000.00. Following the transaction, the director now directly owns 64,848 shares in the company, valued at $741,861.12. The sale was disclosed in a filing with the SEC, which is available through this link.
QuinStreet Price Performance
Shares of QNST stock opened at $11.21 on Friday. QuinStreet, Inc. has a 52-week low of $6.79 and a 52-week high of $18.18. The business has a 50-day simple moving average of $9.88 and a 200-day simple moving average of $9.34.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of QNST. Carmel Capital Partners LLC purchased a new position in shares of QuinStreet during the 3rd quarter valued at approximately $34,000. Quarry LP acquired a new stake in QuinStreet during the second quarter valued at $62,000. Assenagon Asset Management S.A. purchased a new position in QuinStreet in the third quarter valued at $92,000. State of Wyoming raised its position in shares of QuinStreet by 62.2% in the fourth quarter. State of Wyoming now owns 7,193 shares of the technology company’s stock worth $103,000 after acquiring an additional 2,757 shares during the period. Finally, Syon Capital LLC acquired a new position in shares of QuinStreet in the third quarter worth about $105,000. 89.78% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.
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