Quantum Co. (NASDAQ:QMCO) CFO Sells $53,056.16 in Stock

Quantum Co. (NASDAQ:QMCO) CFO Kenneth P. Gianella sold 1,487 shares of the company’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 value of $53,056.16. Following the transaction, the chief financial officer now directly owns 33,681 shares of the company’s stock, valued at $1,201,738.08. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Quantum Price Performance

QMCO stock opened at $32.60 on Friday. Quantum Co. has a 1 year low of $2.22 and a 1 year high of $90.64. The firm has a 50-day moving average of $26.82 and a 200 day moving average of $12.70.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors purchased a new position in Quantum Co. (NASDAQ:QMCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned 0.18% of Quantum as of its most recent SEC filing. Hedge funds and other institutional investors 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.