Quantum Co. (NASDAQ:QMCO - Get Free Report) major shareholder Pacific Investment Management sold 962,127 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $10.25, for a total value of $9,861,801.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Quantum Trading Down 0.8 %
Shares of QMCO opened at $10.32 on Friday. Quantum Co. has a 52-week low of $2.22 and a 52-week high of $90.64. The firm has a 50-day moving average price of $14.06 and a 200 day moving average price of $17.98.
Quantum (NASDAQ:QMCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.96) EPS for the quarter, missing analysts' consensus estimates of ($0.88) by ($0.08). As a group, sell-side analysts predict that Quantum Co. will post -5.5 EPS for the current year.
Wall Street Analyst Weigh In
QMCO has been the subject of several recent analyst reports. Lake Street Capital upped their target price on shares of Quantum from $5.00 to $20.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Northland Securities raised their target price on Quantum from $5.00 to $18.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th.
Check Out Our Latest Report on Quantum
Institutional Trading of Quantum
Institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in Quantum by 125,408.3% in the fourth quarter. Bank of America Corp DE now owns 75,305 shares of the company's stock worth $4,060,000 after acquiring an additional 75,245 shares in the last quarter. UNICOM Systems Inc. acquired a new stake in Quantum during the fourth quarter valued at approximately $4,057,000. Itau Unibanco Holding S.A. bought a new stake in Quantum during the fourth quarter worth approximately $3,020,000. Jane Street Group LLC bought a new position in shares of Quantum in the fourth quarter valued at $1,812,000. Finally, Diametric Capital LP acquired a new stake in shares of Quantum during the 4th quarter valued at $670,000. Institutional investors and hedge funds own 63.66% of the company's stock.
Quantum Company Profile
(
Get Free Report)
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.
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