Kenneth P. Gianella Sells 1,487 Shares of Quantum Co. (NASDAQ:QMCO) Stock

Quantum Co. (NASDAQ:QMCO) CFO Kenneth P. Gianella sold 1,487 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $53,056.16. Following the sale, the chief financial officer now owns 33,681 shares in the company, valued at approximately $1,201,738.08. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Quantum Stock Performance

Shares of QMCO stock opened at $32.60 on Friday. Quantum Co. has a 12 month low of $2.22 and a 12 month high of $90.64. The company’s fifty day moving average price is $27.38 and its 200-day moving average price is $12.87.

Analyst Ratings Changes

Separately, Northland Securities restated a “market perform” rating and set a $5.00 target price (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 purchased a new position in Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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. 63.66% of the stock is owned by institutional investors.

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.