Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner Sells 2,511 Shares

Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner sold 2,511 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $89,592.48. Following the completion of the sale, the chief executive officer now directly owns 107,804 shares of the company’s stock, valued at $3,846,446.72. The trade was a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Quantum Stock Down 15.5 %

Quantum stock opened at $32.60 on Friday. The stock has a 50 day moving average of $26.82 and a two-hundred day moving average of $12.70. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64.

Institutional Investors Weigh In On Quantum

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors acquired a new position in shares of Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned about 0.18% of Quantum as of its most recent filing with the SEC. Institutional investors and hedge funds own 63.66% of the company’s stock.

Analyst Ratings Changes

Separately, Northland Securities reissued a “market perform” rating and set a $5.00 price objective (up from $0.25) on shares of Quantum in a research report on Thursday, November 14th.

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.