Kenneth P. Gianella Sells 1,279 Shares of Quantum Co. (NASDAQ:QMCO) Stock

Quantum Co. (NASDAQ:QMCO) CFO Kenneth P. Gianella sold 1,279 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.53, for a total value of $27,536.87. Following the completion of the transaction, the chief financial officer now directly owns 32,402 shares in the company, valued at $697,615.06. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Quantum Price Performance

QMCO opened at $19.90 on Friday. The company’s 50 day simple moving average is $32.59 and its 200-day simple moving average is $14.69. Quantum Co. has a one year low of $2.22 and a one year high of $90.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new position in shares of Quantum during the fourth quarter valued at $466,000. Flagship Harbor Advisors LLC bought a new position in shares of Quantum in the 4th quarter valued at about $226,000. UNICOM Systems Inc. acquired a new stake in shares of Quantum during the 4th quarter worth approximately $4,057,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Quantum during the fourth quarter worth approximately $194,000. 63.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Lake Street Capital lifted their price objective on Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Northland Securities lifted their price target on Quantum from $5.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, January 30th.

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.