Quantum (NASDAQ:QMCO) Price Target Raised to $18.00

Quantum (NASDAQ:QMCO - Free Report) had its target price boosted by Northland Securities from $5.00 to $18.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, Lake Street Capital upped their price target on Quantum from $5.00 to $20.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th.

Quantum Stock Down 4.0 %

Shares of QMCO traded down $0.90 during trading hours on Thursday, hitting $21.50. The stock had a trading volume of 617,947 shares, compared to its average volume of 1,745,112. Quantum has a 52 week low of $2.22 and a 52 week high of $90.64. The company's fifty day moving average is $32.41 and its two-hundred day moving average is $14.42.

Insider Activity

In other news, CRO Henk Jan Spanjaard sold 935 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $33,360.80. Following the completion of the transaction, the executive now directly owns 14,903 shares of the company's stock, valued at $531,739.04. This represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brian E. Cabrera sold 1,996 shares of Quantum stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value 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 approximately $996,899.20. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,490 shares of company stock worth $316,162 in the last 90 days. Corporate insiders own 3.90% of the company's stock.

Hedge Funds Weigh In On Quantum

Several hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC bought a new position in shares of Quantum in the 4th quarter valued at about $226,000. Arkadios Wealth Advisors bought a new position in Quantum in the fourth quarter valued at approximately $466,000. Finally, UNICOM Systems Inc. acquired a new position in shares of Quantum during the 4th quarter worth approximately $4,057,000. 63.66% of the stock is owned by institutional investors.

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.