UNICOM Systems Inc. Makes New Investment in Quantum Co. (NASDAQ:QMCO)

UNICOM Systems Inc. bought a new position in Quantum Co. (NASDAQ:QMCO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,237 shares of the company's stock, valued at approximately $4,057,000. Quantum comprises 1.0% of UNICOM Systems Inc.'s portfolio, making the stock its 17th biggest holding. UNICOM Systems Inc. owned approximately 1.55% of Quantum as of its most recent SEC filing.

Separately, Arkadios Wealth Advisors acquired a new position in Quantum in the 4th quarter worth about $466,000. 63.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on QMCO shares. Northland Securities lifted their price target on Quantum from $5.00 to $18.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Lake Street Capital boosted their target price on shares of Quantum from $5.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th.

Quantum Trading Down 10.8 %

Shares of QMCO stock traded down $2.15 on Friday, hitting $17.75. The company had a trading volume of 1,520,309 shares, compared to its average volume of 1,616,237. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64. The stock's 50-day moving average is $33.18 and its two-hundred day moving average is $15.09.

Quantum (NASDAQ:QMCO - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.96) earnings per share for the quarter, missing analysts' consensus estimates of ($0.88) by ($0.08). On average, equities research analysts forecast that Quantum Co. will post -5.04 earnings per share for the current year.

Insider Transactions at Quantum

In related news, CRO Henk Jan Spanjaard sold 935 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 $33,360.80. Following the completion of the sale, the executive now owns 14,903 shares of the company's stock, valued at $531,739.04. This trade represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James J. Lerner sold 2,511 shares of the business's 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 $89,592.48. Following the completion of the transaction, the chief executive officer now directly owns 107,804 shares in the company, valued at approximately $3,846,446.72. This trade represents a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,208 shares of company stock worth $274,764 over the last three months. 3.90% of the stock is owned by company insiders.

Quantum 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.