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 the business’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 value of $53,056.16. Following the transaction, the chief financial officer now directly owns 33,681 shares in the company, 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 filing with the SEC, which is available through the SEC website.

Quantum Stock Performance

QMCO stock traded down $5.97 during trading on Friday, reaching $32.60. The stock had a trading volume of 1,578,688 shares, compared to its average volume of 2,276,472. The firm has a fifty day moving average price of $26.82 and a 200 day moving average price of $12.70. Quantum Co. has a 1-year low of $2.22 and a 1-year high of $90.64.

Analyst Ratings Changes

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

Institutional Trading of Quantum

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors purchased a new stake in Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned about 0.18% of Quantum at the end of the most recent quarter. 63.66% of the stock is currently owned by institutional investors.

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.