Insider Selling: Quantum Co. (NASDAQ:QMCO) CRO Sells $33,360.80 in Stock

Quantum Co. (NASDAQ:QMCO) CRO Henk Jan Spanjaard sold 935 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $33,360.80. Following the transaction, the executive now owns 14,903 shares in the company, valued at $531,739.04. This represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $4.43, for a total transaction of $1,745.42.

Quantum Price Performance

Shares of QMCO stock opened at $32.60 on Monday. The stock has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $12.91. Quantum Co. has a 12-month low of $2.22 and a 12-month high of $90.64.

Institutional Investors Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors purchased a new stake in Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum as of its most recent SEC filing. 63.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Northland Securities restated a “market perform” rating and set a $5.00 price target (up previously 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.