Quantum Co. (NASDAQ:QMCO) CEO Sells $89,592.48 in Stock

Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner sold 2,511 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $89,592.48. Following the sale, the chief executive officer now directly owns 107,804 shares in the company, valued at $3,846,446.72. The trade was a 2.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Quantum Stock Down 15.5 %

NASDAQ QMCO opened at $32.60 on Monday. 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 $27.38 and a 200 day moving average of $12.91.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors purchased a new position in shares of Quantum Co. (NASDAQ:QMCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum as of its most recent filing with the Securities & Exchange Commission. 63.66% of the stock is currently owned by hedge funds and other 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.