Quantum Co. (NASDAQ:QMCO) CFO Sells $53,056.16 in Stock

Quantum Co. (NASDAQ:QMCOGet Free Report) CFO Kenneth P. Gianella sold 1,487 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $53,056.16. Following the transaction, the chief financial officer now owns 33,681 shares in the company, valued at approximately $1,201,738.08. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Quantum Stock Down 15.5 %

QMCO opened at $32.60 on Monday. Quantum Co. has a 12-month low of $2.22 and a 12-month high of $90.64. The business has a 50 day moving average of $27.38 and a 200-day moving average of $12.91.

Hedge Funds Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors acquired a new position in shares of Quantum Co. (NASDAQ:QMCOFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned 0.18% of Quantum as of its most recent SEC filing. 63.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on QMCO

About Quantum

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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.

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Insider Buying and Selling by Quarter for Quantum (NASDAQ:QMCO)

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