Kenneth P. Gianella Sells 1,487 Shares of Quantum Co. (NASDAQ:QMCO) Stock

Quantum Co. (NASDAQ:QMCO) CFO Kenneth P. Gianella sold 1,487 shares of Quantum stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $53,056.16. Following the completion of the transaction, the chief financial officer now directly owns 33,681 shares of the company’s stock, valued at $1,201,738.08. This trade represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Quantum Stock Performance

QMCO stock traded down $5.97 during mid-day trading on Friday, reaching $32.60. The company had a trading volume of 1,578,688 shares, compared to its average volume of 2,276,472. The stock’s 50-day simple moving average is $26.82 and its two-hundred day simple moving average is $12.70. Quantum Co. has a one year low of $2.22 and a one year high of $90.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors acquired a new position in Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum at the end of the most recent reporting period. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analysts Set New Price Targets

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

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.