UNICOM Systems Inc. Invests $4.06 Million in Quantum Co. (NASDAQ:QMCO)

UNICOM Systems Inc. purchased a new stake in shares of Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 75,237 shares of the company’s stock, valued at approximately $4,057,000. Quantum comprises approximately 1.0% of UNICOM Systems Inc.’s holdings, making the stock its 17th largest position.

Separately, Flagship Harbor Advisors LLC purchased a new position in shares of Quantum during the fourth quarter valued at approximately $226,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Price Performance

NASDAQ:QMCO opened at $19.00 on Tuesday. Quantum Co. has a 52 week low of $2.22 and a 52 week high of $90.64. The firm has a 50 day moving average of $32.75 and a 200 day moving average of $14.93.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Quantum news, SVP Brian E. Cabrera sold 1,996 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $71,217.28. Following the sale, the senior vice president now owns 27,940 shares of the company’s stock, valued at approximately $996,899.20. The trade was a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Henk Jan Spanjaard sold 935 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $33,360.80. Following the completion of the transaction, the executive now directly owns 14,903 shares of the company’s stock, valued at approximately $531,739.04. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,208 shares of company stock worth $274,764 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

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.