Pacific Investment Management Sells 228,195 Shares of Quantum Co. (NASDAQ:QMCO) Stock

Quantum Co. (NASDAQ:QMCO) major shareholder Pacific Investment Management sold 228,195 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $61.52, for a total transaction of $14,038,556.40. Following the completion of the sale, the insider now owns 525,994 shares in the company, valued at approximately $32,359,150.88. This trade represents a 30.26 % 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. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Quantum Price Performance

NASDAQ QMCO traded down $6.77 during trading hours on Tuesday, reaching $45.11. 1,395,154 shares of the company’s stock were exchanged, compared to its average volume of 1,741,911. Quantum Co. has a one year low of $2.22 and a one year high of $90.64. The company’s 50-day moving average is $22.52 and its two-hundred day moving average is $11.47.

Analyst Ratings Changes

Separately, Northland Securities reiterated a “market perform” rating and set a $5.00 target price (up from $0.25) on shares of Quantum in a report 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.