Kenneth P. Gianella Sells 1,279 Shares of Quantum Co. (NASDAQ:QMCO) 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 transaction of $27,536.87. Following the sale, the chief financial officer now directly owns 32,402 shares in the company, valued at $697,615.06. This trade represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Quantum Stock Down 5.0 %

NASDAQ QMCO opened at $18.90 on Friday. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64. The stock has a 50-day moving average of $32.62 and a 200 day moving average of $14.77.

Institutional Investors Weigh In On Quantum

Several institutional investors and hedge funds have recently added to or reduced their stakes in QMCO. SBI Securities Co. Ltd. acquired a new stake in shares of Quantum in the fourth quarter valued at about $194,000. Flagship Harbor Advisors LLC purchased a new position in Quantum in the 4th quarter valued at about $226,000. Arkadios Wealth Advisors acquired a new stake in Quantum in the 4th quarter worth about $466,000. Finally, UNICOM Systems Inc. purchased a new stake in Quantum during the 4th quarter worth approximately $4,057,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on QMCO. Northland Securities lifted their price objective on shares of Quantum from $5.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Lake Street Capital lifted their price target on Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th.

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.