Quantum Co. (NASDAQ:QMCO - Get Free Report) CFO Kenneth P. Gianella sold 1,279 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.53, for a total transaction of $27,536.87. Following the transaction, the chief financial officer now owns 32,402 shares of the company's stock, valued at approximately $697,615.06. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Quantum Stock Performance
Shares of QMCO traded down $1.00 during mid-day trading on Friday, reaching $18.90. The company's stock had a trading volume of 838,178 shares, compared to its average volume of 1,457,471. Quantum Co. has a 1-year low of $2.22 and a 1-year high of $90.64. The business has a 50-day simple moving average of $32.62 and a two-hundred day simple moving average of $14.85.
Institutional Investors Weigh In On Quantum
Several hedge funds have recently added to or reduced their stakes in QMCO. SBI Securities Co. Ltd. bought a new position in shares of Quantum in the fourth quarter valued at about $194,000. Flagship Harbor Advisors LLC bought a new position in Quantum in the 4th quarter valued at about $226,000. Arkadios Wealth Advisors bought a new position in Quantum in the 4th quarter valued at about $466,000. Finally, UNICOM Systems Inc. acquired a new stake in Quantum during the fourth quarter worth approximately $4,057,000. Institutional investors and hedge funds own 63.66% of the company's stock.
Analyst Ratings Changes
QMCO has been the topic of a number of analyst reports. Lake Street Capital upped their price objective on Quantum from $5.00 to $20.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Northland Securities increased their price target 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.
Read Our Latest Stock Analysis on QMCO
Quantum Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum wasn't on the list.
While Quantum currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
