Insider Selling: Quantum Co. (NASDAQ:QMCO) SVP Sells 5,387 Shares of Stock

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 5,387 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $4.43, for a total value of $23,864.41. Following the sale, the senior vice president now owns 26,958 shares of the company’s stock, valued at $119,423.94. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Quantum Price Performance

Shares of NASDAQ:QMCO traded up $0.08 on Thursday, reaching $12.73. The company’s stock had a trading volume of 1,110,704 shares, compared to its average volume of 465,102. Quantum Co. has a 52-week low of $2.22 and a 52-week high of $33.00. The stock’s 50-day moving average is $6.08 and its two-hundred day moving average is $6.63.

Institutional Trading of Quantum

A hedge fund recently bought a new stake in Quantum stock. Tidal Investments LLC acquired a new stake in Quantum Co. (NASDAQ:QMCO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,165 shares of the company’s stock, valued at approximately $26,000. Institutional investors own 63.66% of the company’s stock.

Analyst Ratings Changes

Separately, Northland Securities reissued a “market perform” rating and issued a $5.00 price objective (up previously 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.