Quantum (NASDAQ:QMCO) Price Target Raised to $20.00 at Lake Street Capital

Quantum (NASDAQ:QMCO) had its target price boosted by Lake Street Capital from $5.00 to $20.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

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

Quantum Price Performance

NASDAQ QMCO opened at $22.45 on Wednesday. Quantum has a 1 year low of $2.22 and a 1 year high of $90.64. The business’s 50-day moving average is $31.78 and its 200 day moving average is $14.18.

Insider Activity

In other news, CEO James J. Lerner sold 6,505 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $4.43, for a total value of $28,817.15. Following the completion of the transaction, the chief executive officer now owns 107,491 shares in the company, valued at $476,185.13. This trade represents a 5.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brian E. Cabrera sold 1,996 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $71,217.28. Following the completion of the sale, the senior vice president now directly owns 27,940 shares in the company, valued at approximately $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,490 shares of company stock valued at $316,162. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC bought a new position in shares of Quantum during the fourth quarter valued at approximately $226,000. Arkadios Wealth Advisors purchased a new stake in shares of Quantum in the 4th quarter worth approximately $466,000. Finally, UNICOM Systems Inc. bought a new position in Quantum during the 4th quarter valued at approximately $4,057,000. 63.66% of the stock is owned by hedge funds and other 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.