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

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 1,996 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $71,217.28. Following the completion of the sale, the senior vice president now directly owns 27,940 shares in the company, valued at $996,899.20. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Quantum Stock Performance

QMCO stock traded down $5.97 during midday trading on Friday, reaching $32.60. The company’s stock had a trading volume of 1,578,688 shares, compared to its average volume of 2,276,472. Quantum Co. has a 1 year low of $2.22 and a 1 year high of $90.64. The stock has a fifty day simple moving average of $26.82 and a two-hundred day simple moving average of $12.70.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors bought a new position in Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 own 63.66% of the company’s stock.

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.