Itau Unibanco Holding S.A. bought a new position in Quantum Co. (NASDAQ:QMCO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 56,000 shares of the company's stock, valued at approximately $3,020,000. Itau Unibanco Holding S.A. owned 0.97% of Quantum as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in shares of Quantum during the fourth quarter valued at about $194,000. Flagship Harbor Advisors LLC bought a new stake in shares of Quantum during the fourth quarter valued at approximately $226,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Quantum in the fourth quarter valued at $272,000. Marshall Wace LLP bought a new position in Quantum in the fourth quarter worth $334,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Quantum during the fourth quarter worth $345,000. Hedge funds and other institutional investors own 63.66% of the company's stock.
Quantum Trading Down 2.7 %
QMCO traded down $0.30 during trading on Tuesday, hitting $10.75. The company's stock had a trading volume of 158,039 shares, compared to its average volume of 1,332,231. The firm's 50 day moving average price is $12.70 and its two-hundred day moving average price is $18.80. Quantum Co. has a 12 month low of $2.22 and a 12 month high of $90.64.
Quantum (NASDAQ:QMCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.88) by ($0.08). Analysts predict that Quantum Co. will post -5.5 EPS for the current fiscal year.
Insider Buying and Selling at Quantum
In other news, major shareholder Pacific Investment Management sold 962,127 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $10.25, for a total transaction of $9,861,801.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James J. Lerner sold 2,784 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $9.65, for a total transaction of $26,865.60. Following the completion of the sale, the chief executive officer now directly owns 110,848 shares in the company, valued at $1,069,683.20. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 966,304 shares of company stock valued at $9,902,545. 4.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
QMCO has been the topic of a number of recent research reports. Lake Street Capital lifted their price objective on Quantum from $5.00 to $20.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. Northland Securities upped their price target on Quantum from $5.00 to $18.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th.
Check Out Our Latest Stock Report on Quantum
Quantum Company Profile
(
Free Report)
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.
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