Insider Selling: Quantum Co. (NASDAQ:QMCO) CEO Sells 6,505 Shares of Stock

Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner sold 6,505 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $4.43, for a total value of $28,817.15. Following the completion of the transaction, the chief executive officer now owns 107,491 shares in the company, valued at $476,185.13. The trade was a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Quantum Trading Up 0.6 %

Shares of QMCO stock traded up $0.08 on Thursday, hitting $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 fifty-two week low of $2.22 and a fifty-two week high of $33.00. The stock’s 50 day moving average is $6.08 and its 200-day moving average is $6.63.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Quantum

A hedge fund recently bought a new stake in Quantum stock. Tidal Investments LLC purchased a new stake in Quantum Co. (NASDAQ:QMCO) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,165 shares of the company’s stock, valued at approximately $26,000. 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.