Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera Sells 1,996 Shares

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 1,996 shares of the business’s stock in a transaction 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 directly owns 27,940 shares of the company’s stock, valued at $996,899.20. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Quantum Trading Down 15.5 %

Shares of NASDAQ QMCO opened at $32.60 on Monday. The stock has a 50 day moving average price of $27.38 and a 200 day moving average price of $12.91. Quantum Co. has a 52-week low of $2.22 and a 52-week high of $90.64.

Institutional Investors Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors acquired a new stake in Quantum Co. (NASDAQ:QMCO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 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.

Analyst Ratings Changes

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

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.