Insider Selling: Quantum Co. (NASDAQ:QMCO) SVP Sells 1,996 Shares of Stock

Quantum Co. (NASDAQ:QMCO) SVP Brian E. Cabrera sold 1,996 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 transaction of $71,217.28. Following the completion of the sale, the senior vice president now owns 27,940 shares in the company, valued at $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Quantum Stock Down 15.5 %

NASDAQ:QMCO opened at $32.60 on Friday. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64. The stock’s 50 day moving average price is $26.82 and its two-hundred day moving average price is $12.70.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors bought a new position in shares of Quantum Co. (NASDAQ:QMCO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned 0.18% of Quantum at the end of the most recent quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

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.