Insider Selling: Quantum Co. (NASDAQ:QMCO) CEO Sells 6,505 Shares of Stock

Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner sold 6,505 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $4.43, for a total transaction of $28,817.15. Following the completion of the sale, the chief executive officer now owns 107,491 shares in the company, valued at $476,185.13. This represents a 5.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Quantum Stock Up 0.6 %

NASDAQ QMCO traded up $0.08 during trading hours on Thursday, reaching $12.73. 1,110,704 shares of the company’s stock were exchanged, compared to its average volume of 465,102. The firm has a fifty day moving average of $6.08 and a 200-day moving average of $6.63. Quantum Co. has a one year low of $2.22 and a one year high of $33.00.

Analysts Set New Price Targets

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

Institutional Trading of Quantum

An institutional investor recently bought a new position in Quantum stock. Tidal Investments LLC acquired a new position in shares of Quantum Co. (NASDAQ:QMCO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,165 shares of the company’s stock, valued at approximately $26,000. 63.66% of the stock is currently owned by institutional investors.

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.