Insider Selling: Quantum Co. (NASDAQ:QMCO) CFO Sells 1,279 Shares of Stock

Quantum Co. (NASDAQ:QMCO) CFO Kenneth P. Gianella sold 1,279 shares of Quantum stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.53, for a total value of $27,536.87. Following the completion of the transaction, the chief financial officer now directly owns 32,402 shares of the company’s stock, valued at $697,615.06. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Quantum Price Performance

Shares of NASDAQ:QMCO opened at $21.17 on Thursday. Quantum Co. has a one year low of $2.22 and a one year high of $90.64. The firm has a 50 day simple moving average of $32.55 and a 200 day simple moving average of $14.66.

Analyst Ratings Changes

QMCO has been the subject of a number of analyst reports. Northland Securities boosted their price target on Quantum from $5.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Lake Street Capital lifted their target price on Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On Quantum

Institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Quantum in the fourth quarter valued at about $194,000. Flagship Harbor Advisors LLC acquired a new position in Quantum in the fourth quarter valued at approximately $226,000. Arkadios Wealth Advisors bought a new stake in shares of Quantum in the 4th quarter valued at $466,000. Finally, UNICOM Systems Inc. acquired a new stake in Quantum in the fourth quarter worth $4,057,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Company Profile

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.