James J. Lerner Sells 2,511 Shares of Quantum Co. (NASDAQ:QMCO) Stock

Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner sold 2,511 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $89,592.48. Following the completion of the sale, the chief executive officer now directly owns 107,804 shares in the company, valued at $3,846,446.72. This trade represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Quantum Price Performance

Quantum stock opened at $32.60 on Friday. The business’s fifty day simple moving average is $27.38 and its two-hundred day simple moving average is $12.87. Quantum Co. has a 12 month low of $2.22 and a 12 month high of $90.64.

Wall Street Analyst Weigh In

Separately, Northland Securities reissued 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 Investors Weigh In On Quantum

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors purchased a new stake in shares of Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum at the end of the most recent reporting period. Institutional investors and hedge funds 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.