Quantum Co. (NASDAQ:QMCO) CEO Sells $89,592.48 in Stock

Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner sold 2,511 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $89,592.48. Following the transaction, the chief executive officer now directly owns 107,804 shares in the company, valued at $3,846,446.72. This represents a 2.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Quantum Stock Performance

Shares of QMCO opened at $32.60 on Friday. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64. The firm’s 50-day moving average is $26.82 and its two-hundred day moving average is $12.70.

Analyst Upgrades and Downgrades

Separately, Northland Securities restated a “market perform” rating and set a $5.00 target price (up from $0.25) on shares of Quantum in a research report on Thursday, November 14th.

Institutional Investors Weigh In On Quantum

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors bought a new position in shares of Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum as of its most recent filing with the Securities and Exchange Commission (SEC). 63.66% of the stock is currently owned by institutional investors and hedge funds.

About Quantum

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.