Quantum Co. (NASDAQ:QMCO) Shares Sold by State Street Corp

State Street Corp lessened its position in shares of Quantum Co. (NASDAQ:QMCO - Free Report) by 95.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,114 shares of the company's stock after selling 325,221 shares during the period. State Street Corp owned about 0.36% of Quantum worth $60,000 as of its most recent SEC filing.

Quantum Trading Up 0.0 %

NASDAQ:QMCO traded up $0.01 during midday trading on Friday, reaching $54.43. 1,710,614 shares of the company traded hands, compared to its average volume of 1,845,257. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64. The company has a fifty day moving average price of $21.59 and a 200 day moving average price of $11.15.

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 research report on Thursday, November 14th.

Insider Transactions at Quantum

In other Quantum news, CEO James J. Lerner sold 6,505 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $4.43, for a total value of $28,817.15. Following the completion of the transaction, the chief executive officer now owns 107,491 shares in the company, valued at approximately $476,185.13. This represents a 5.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 15,561 shares of company stock worth $68,935. Insiders own 3.90% of the company's stock.

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.