Diametric Capital LP Purchases Shares of 12,423 Quantum Co. (NASDAQ:QMCO)

Diametric Capital LP acquired a new position in shares of Quantum Co. (NASDAQ:QMCO) in the fourth quarter, HoldingsChannel reports. The fund acquired 12,423 shares of the company’s stock, valued at approximately $670,000.

Several other large investors have also made changes to their positions in QMCO. SBI Securities Co. Ltd. purchased a new stake in Quantum during the fourth quarter valued at about $194,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quantum in the 4th quarter valued at about $226,000. LPL Financial LLC purchased a new stake in shares of Quantum during the 4th quarter worth about $397,000. Arkadios Wealth Advisors acquired a new stake in Quantum during the 4th quarter worth approximately $466,000. Finally, CIBC Private Wealth Group LLC purchased a new position in Quantum in the fourth quarter valued at approximately $593,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Quantum news, CFO Kenneth P. Gianella sold 1,487 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 $53,056.16. Following the completion of the sale, the chief financial officer now owns 33,681 shares in the company, valued at $1,201,738.08. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Henk Jan Spanjaard sold 935 shares of Quantum stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $33,360.80. Following the sale, the executive now owns 14,903 shares in the company, valued at $531,739.04. This represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,208 shares of company stock valued at $274,764 in the last quarter. Company insiders own 3.90% of the company’s stock.

Quantum Trading Up 1.6 %

QMCO stock opened at $14.38 on Tuesday. The stock has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $17.43. Quantum Co. has a 1 year low of $2.22 and a 1 year high of $90.64.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.88) by ($0.08). On average, research analysts expect that Quantum Co. will post -5.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on QMCO shares. Lake Street Capital boosted their price objective on shares of Quantum from $5.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Northland Securities lifted their target price on shares of Quantum from $5.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, January 30th.

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.