4,194 Shares in Quantum Co. (NASDAQ:QMCO) Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC bought a new stake in shares of Quantum Co. (NASDAQ:QMCO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,194 shares of the company’s stock, valued at approximately $226,000. Flagship Harbor Advisors LLC owned about 0.09% of Quantum at the end of the most recent quarter.

Separately, Arkadios Wealth Advisors purchased a new stake in shares of Quantum during the fourth quarter valued at $466,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Quantum

In other Quantum news, CEO James J. Lerner sold 2,511 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 transaction of $89,592.48. Following the completion of the sale, the chief executive officer now owns 107,804 shares of the company’s stock, valued at approximately $3,846,446.72. The trade was a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kenneth P. Gianella sold 1,487 shares of the firm’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 $53,056.16. Following the completion of the transaction, the chief financial officer now directly owns 33,681 shares in the company, valued at $1,201,738.08. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,490 shares of company stock worth $316,162 in the last three months. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QMCO has been the subject of a number of recent analyst reports. Northland Securities reissued a “market perform” rating and issued a $5.00 target price (up previously from $0.25) on shares of Quantum in a research report on Thursday, November 14th. Lake Street Capital boosted their price objective on shares of Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday.

Quantum Stock Down 10.2 %

Shares of QMCO opened at $22.45 on Thursday. Quantum Co. has a one year low of $2.22 and a one year high of $90.64. The business has a fifty day moving average of $31.78 and a 200 day moving average of $14.18.

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.