Quantum (NASDAQ:QMCO) Price Target Raised to $20.00 at Lake Street Capital

Quantum (NASDAQ:QMCO) had its price target increased by Lake Street Capital from $5.00 to $20.00 in a research report released on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

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

Quantum Trading Down 0.2 %

NASDAQ QMCO opened at $22.40 on Wednesday. Quantum has a 52 week low of $2.22 and a 52 week high of $90.64. The company has a 50 day moving average price of $32.41 and a 200 day moving average price of $14.33.

Insiders Place Their Bets

In other Quantum news, SVP Brian E. Cabrera sold 1,996 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $71,217.28. Following the completion of the transaction, 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 accessible through this link. Also, CEO James J. Lerner sold 2,511 shares of Quantum stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $89,592.48. Following the completion of the transaction, the chief executive officer now owns 107,804 shares of the company’s stock, valued at approximately $3,846,446.72. This represents a 2.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,490 shares of company stock valued at $316,162. Company insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On Quantum

Several institutional investors have recently bought and sold shares of QMCO. Flagship Harbor Advisors LLC acquired a new stake in shares of Quantum in the fourth quarter worth approximately $226,000. Arkadios Wealth Advisors purchased a new position in Quantum in the 4th quarter valued at $466,000. Finally, UNICOM Systems Inc. acquired a new stake in Quantum during the 4th quarter worth $4,057,000. 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.