Traders Buy Large Volume of Quantum Call Options (NASDAQ:QMCO)

Quantum Corporation (NASDAQ:QMCO) was the recipient of unusually large options trading on Wednesday. Traders bought 3,824 call options on the company. This represents an increase of approximately 205% compared to the typical volume of 1,254 call options.

Institutional Investors Weigh In On Quantum

Several hedge funds have recently modified their holdings of QMCO. Alyeska Investment Group L.P. purchased a new stake in Quantum in the second quarter valued at approximately $29,193,000. Two Seas Capital LP acquired a new position in Quantum during the second quarter worth approximately $27,374,000. Manatuck Hill Partners LLC purchased a new position in Quantum during the second quarter worth approximately $3,850,000. BlackRock Inc. purchased a new position in Quantum during the second quarter worth approximately $3,003,000. Finally, Bank of America Corp DE raised its stake in Quantum by 730.5% during the second quarter. Bank of America Corp DE now owns 170,130 shares of the company’s stock worth $1,871,000 after purchasing an additional 149,645 shares during the period. 63.66% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Quantum

Here are a few of the latest headlines about QMCO:

• Positive Sentiment: Quantum reported Q2 adjusted EPS of $0.25, above the $0.12 consensus, while revenue rose 43% year over year to $89.6 million. Hyperscale tape demand surged more than 2.6 times and backlog approached $100 million—strong signals for future sales. Quantum Doubles EPS Estimate on Surging Hyperscale Tape Demand QMCO Q2 Earnings Call Centers on Tape Demand and Supply Limits
• Positive Sentiment: Cantor Fitzgerald raised its price target from $29 to $32 and maintained an Overweight/Buy view, indicating continued analyst confidence. Cantor Fitzgerald Sticks to Their Buy Rating for Quantum
• Negative Sentiment: Quantum said component shortages could constrain fiscal Q3 revenue upside despite robust demand and backlog. Short interest also climbed 46.4% in October to about 4.5 million shares, or 19.4% of shares, signaling substantial bearish positioning and potential volatility.

Analyst Ratings Changes

QMCO has been the topic of a number of recent research reports. Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a report on Tuesday, August 11th. Lake Street Capital set a $29.00 price target on shares of Quantum and gave the stock a “buy” rating in a report on Monday, September 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research report on Monday, September 21st. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Cantor Fitzgerald raised their target price on shares of Quantum from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Quantum has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Quantum Trading Up 3.5%

Quantum stock opened at $16.87 on Thursday. The firm has a market capitalization of $664.85 million, a P/E ratio of -1.55 and a beta of 3.23. The stock has a fifty day moving average price of $23.64 and a 200 day moving average price of $13.44. Quantum has a 52 week low of $4.19 and a 52 week high of $35.65.

Quantum (NASDAQ:QMCO) last released its earnings results on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.13. The firm had revenue of $89.63 million for the quarter, compared to the consensus estimate of $82.30 million. Quantum had a negative return on equity of 3.52% and a negative net margin of 73.54%. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. As a group, equities analysts predict that Quantum will post 0.31 EPS for the current year.

About Quantum

Quantum Corporation provides data storage and management solutions for organizations that create and retain large volumes of unstructured data, including video, images and other digital content. Its customers include businesses and institutions in areas such as media and entertainment, government, life sciences and industrial markets. The company’s offerings include StorNext shared-storage and data-management software, Scalar tape libraries for backup and archiving, and ActiveScale object storage.