SBI Securities Co. Ltd. Makes New Investment in Quantum Co. (NASDAQ:QMCO)

SBI Securities Co. Ltd. acquired a new position in shares of Quantum Co. (NASDAQ:QMCO) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,598 shares of the company’s stock, valued at approximately $194,000.

Other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Quantum during the 4th quarter valued at $226,000. Arkadios Wealth Advisors bought a new position in shares of Quantum in the fourth quarter valued at about $466,000. Finally, UNICOM Systems Inc. acquired a new position in Quantum during the 4th quarter worth about $4,057,000. Institutional investors own 63.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on QMCO shares. Lake Street Capital raised their price objective on shares of Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Northland Securities raised their price target on shares of Quantum from $5.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, January 30th.

Quantum Trading Down 8.2 %

Shares of NASDAQ:QMCO opened at $11.40 on Friday. The company has a 50 day moving average of $27.37 and a 200-day moving average of $15.84. Quantum Co. has a one year low of $2.22 and a one year high of $90.64.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.88) by ($0.08). Research analysts forecast that Quantum Co. will post -5.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO James J. Lerner sold 2,511 shares of Quantum stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $89,592.48. Following the transaction, the chief executive officer now owns 107,804 shares in the company, valued at $3,846,446.72. The trade was a 2.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brian E. Cabrera sold 1,996 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $71,217.28. Following the sale, the senior vice president now directly owns 27,940 shares of the company’s stock, valued at approximately $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,208 shares of company stock valued at $274,764 in the last 90 days. 3.90% of the stock is owned by insiders.

About Quantum

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.