Insider Selling: Quantum Co. (NASDAQ:QMCO) CRO Sells 935 Shares of Stock

Quantum Co. (NASDAQ:QMCO) CRO Henk Jan Spanjaard sold 935 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $33,360.80. Following the sale, the executive now directly owns 14,903 shares of the company’s stock, valued at $531,739.04. This represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Henk Jan Spanjaard also recently made the following trade(s):

• On Friday, November 8th, Henk Jan Spanjaard sold 394 shares of Quantum stock. The stock was sold at an average price of $4.43, for a total transaction of $1,745.42.

Quantum Stock Down 15.5 %

Shares of Quantum stock traded down $5.97 during trading on Friday, reaching $32.60. 1,578,688 shares of the company were exchanged, compared to its average volume of 2,276,472. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64. The business has a 50-day moving average price of $26.82 and a 200-day moving average price of $12.70.

Hedge Funds Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors acquired a new stake in shares of Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned 0.18% of Quantum as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analyst Ratings Changes

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

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.