Insider Selling: Quantum Co. (NASDAQ:QMCO) SVP Sells 1,996 Shares of Stock

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 1,996 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $71,217.28. Following the transaction, the senior vice president now owns 27,940 shares in the company, valued at $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Quantum Price Performance

Quantum stock opened at $32.60 on Friday. Quantum Co. has a 1 year low of $2.22 and a 1 year high of $90.64. The firm has a 50-day moving average of $27.38 and a two-hundred day moving average of $12.87.

Analyst Ratings Changes

Separately, Northland Securities reiterated a “market perform” rating and set a $5.00 price target (up from $0.25) on shares of Quantum in a 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 acquired a new stake in Quantum Co. (NASDAQ:QMCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.