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 Quantum stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $89,592.48. Following the transaction, the chief executive officer now owns 107,804 shares in the company, valued at $3,846,446.72. This trade represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Quantum Price Performance

NASDAQ:QMCO traded down $5.97 during trading hours on Friday, hitting $32.60. 1,578,688 shares of the stock traded hands, compared to its average volume of 2,276,472. Quantum Co. has a 1 year low of $2.22 and a 1 year high of $90.64. The stock has a 50 day moving average price of $26.82 and a 200 day moving average price of $12.70.

Analyst Ratings Changes

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

Institutional Trading of Quantum

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors purchased a new position in Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.