Insider Selling: Quantum Co. (NASDAQ:QMCO) SVP Sells $71,217.28 in Stock

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 1,996 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $71,217.28. Following the completion of the transaction, the senior vice president now owns 27,940 shares in the company, valued at $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Quantum Trading Down 15.5 %

Shares of NASDAQ QMCO opened at $32.60 on Monday. Quantum Co. has a 52-week low of $2.22 and a 52-week high of $90.64. The firm’s fifty day moving average is $27.38 and its two-hundred day moving average is $12.91.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors acquired a new position in Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned about 0.18% of Quantum at the end of the most recent reporting period. Institutional investors and hedge funds own 63.66% of the company’s stock.

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.