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 firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.53, for a total value of $27,536.87. Following the transaction, the chief financial officer now owns 32,402 shares in the company, valued at approximately $697,615.06. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Quantum Stock Down 6.0 %

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Northland Securities lifted their price objective on shares of Quantum from $5.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Lake Street Capital lifted their price target on shares of Quantum from $5.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th.

Institutional Trading of Quantum

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