Quantum Co. (NASDAQ:QMCO) SVP Sells $23,864.41 in Stock

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 5,387 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $4.43, for a total transaction of $23,864.41. Following the completion of the sale, the senior vice president now directly owns 26,958 shares of the company’s stock, valued at $119,423.94. The trade was a 16.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Quantum Stock Up 8.0 %

Shares of NASDAQ:QMCO opened at $13.75 on Friday. Quantum Co. has a 52 week low of $2.22 and a 52 week high of $33.00. The company has a 50 day moving average price of $6.47 and a two-hundred day moving average price of $6.69.

Institutional Investors Weigh In On Quantum

A hedge fund recently bought a new stake in Quantum stock. Tidal Investments LLC acquired a new position in shares of Quantum Co. (NASDAQ:QMCO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,165 shares of the company’s stock, valued at approximately $26,000. Institutional investors own 63.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Securities reaffirmed 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.

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.