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 company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 107,804 shares of the company’s stock, valued at $3,846,446.72. The trade was a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Quantum Stock Down 15.5 %

QMCO stock traded down $5.97 during mid-day trading on Friday, hitting $32.60. The company had a trading volume of 1,578,688 shares, compared to its average volume of 2,276,472. The company has a 50-day moving average price of $26.82 and a 200 day moving average price of $12.70. Quantum Co. has a 12-month low of $2.22 and a 12-month high of $90.64.

Institutional Investors Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors purchased a new stake in shares of Quantum Co. (NASDAQ:QMCO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

Analyst Upgrades and Downgrades

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

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.