TCW Group Inc. lessened its stake in Quantum Co. (NASDAQ:QMCO - Free Report) by 95.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,010 shares of the company's stock after selling 2,014,158 shares during the period. TCW Group Inc. owned 2.19% of Quantum worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Insider Activity
In other news, CEO James J. Lerner sold 6,505 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $4.43, for a total value of $28,817.15. Following the transaction, the chief executive officer now owns 107,491 shares of the company's stock, valued at approximately $476,185.13. The trade was a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 15,561 shares of company stock valued at $68,935. Insiders own 3.90% of the company's stock.
Quantum Stock Performance
Shares of QMCO traded up $0.80 during mid-day trading on Friday, reaching $17.97. 1,136,091 shares of the company's stock were exchanged, compared to its average volume of 519,382. The business's fifty day simple moving average is $7.95 and its 200-day simple moving average is $6.99. Quantum Co. has a 52-week low of $2.22 and a 52-week high of $33.00.
Wall Street Analyst Weigh In
Separately, Northland Securities reissued a "market perform" rating and issued a $5.00 target price (up from $0.25) on shares of Quantum in a report on Thursday, November 14th.
Check Out Our Latest Stock Analysis on QMCO
About Quantum
(
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 Stories
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
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
