Quantum Co. (NASDAQ:QMCO - Get Free Report) SVP Brian E. Cabrera sold 1,078 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $9.65, for a total value of $10,402.70. Following the completion of the sale, the senior vice president now owns 28,736 shares of the company's stock, valued at approximately $277,302.40. This trade represents a 3.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Quantum Stock Up 4.8 %
Shares of NASDAQ QMCO opened at $10.40 on Thursday. Quantum Co. has a 12 month low of $2.22 and a 12 month high of $90.64. The business's 50 day moving average is $13.30 and its two-hundred day moving average is $18.17.
Quantum (NASDAQ:QMCO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.88) by ($0.08). On average, equities research analysts expect that Quantum Co. will post -5.5 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on QMCO shares. Northland Securities boosted their price objective on shares of Quantum from $5.00 to $18.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Lake Street Capital upped their price target on shares of Quantum from $5.00 to $20.00 and gave the company a "hold" rating in a report on Wednesday, January 29th.
Read Our Latest Research Report on Quantum
Institutional Investors Weigh In On Quantum
Several hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Quantum during the fourth quarter valued at about $194,000. Flagship Harbor Advisors LLC bought a new stake in shares of Quantum during the fourth quarter valued at approximately $226,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Quantum in the fourth quarter valued at $272,000. Marshall Wace LLP bought a new position in Quantum in the fourth quarter worth $334,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Quantum during the fourth quarter worth $345,000. Institutional investors own 63.66% of the company's stock.
About Quantum
(
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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