Brian E. Cabrera Sells 1,996 Shares of Quantum Co. (NASDAQ:QMCO) Stock

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 1,996 shares of Quantum stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $71,217.28. Following the completion of the sale, the senior vice president now owns 27,940 shares in the company, valued at approximately $996,899.20. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Quantum Stock Performance

Quantum stock opened at $32.60 on Friday. The company’s 50-day moving average price is $27.38 and its 200-day moving average price is $12.87. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64.

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 report on Thursday, November 14th.

Institutional Trading of Quantum

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors bought a new position in Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned about 0.18% of Quantum as of its most recent SEC filing. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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.