Insider Selling: Quantum Co. (NASDAQ:QMCO) CFO Sells $27,536.87 in Stock

Quantum Co. (NASDAQ:QMCO) CFO Kenneth P. Gianella sold 1,279 shares of the business’s 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 transaction, the chief financial officer now owns 32,402 shares of the company’s stock, valued at approximately $697,615.06. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Quantum Price Performance

Shares of NASDAQ:QMCO opened at $18.90 on Friday. The business’s 50 day moving average is $32.62 and its 200 day moving average is $14.77. Quantum Co. has a 52-week low of $2.22 and a 52-week high of $90.64.

Hedge Funds Weigh In On Quantum

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Quantum in the 4th quarter valued at about $194,000. Flagship Harbor Advisors LLC purchased a new position in shares of Quantum in the 4th quarter valued at $226,000. Arkadios Wealth Advisors bought a new position in Quantum in the fourth quarter worth about $466,000. Finally, UNICOM Systems Inc. purchased a new stake in shares of Quantum during the fourth quarter valued at about $4,057,000. Institutional investors own 63.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.