Jane Street Group LLC Purchases Shares of 33,612 Quantum Co. (NASDAQ:QMCO)

Jane Street Group LLC purchased a new position in Quantum Co. (NASDAQ:QMCO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 33,612 shares of the company's stock, valued at approximately $1,812,000. Jane Street Group LLC owned 0.58% of Quantum at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in QMCO. SBI Securities Co. Ltd. purchased a new position in shares of Quantum during the 4th quarter valued at $194,000. Flagship Harbor Advisors LLC purchased a new position in Quantum during the fourth quarter worth about $226,000. Price T Rowe Associates Inc. MD bought a new position in Quantum in the 4th quarter worth about $272,000. Marshall Wace LLP bought a new position in Quantum in the 4th quarter worth about $334,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Quantum in the 4th quarter valued at about $345,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Quantum Trading Down 3.1%

QMCO stock traded down $0.40 during mid-day trading on Friday, hitting $12.48. 1,409,767 shares of the stock were exchanged, compared to its average volume of 1,358,533. The business has a fifty day moving average price of $12.38 and a 200 day moving average price of $19.21. Quantum Co. has a 12 month low of $2.22 and a 12 month high of $90.64.

Analyst Ratings Changes

Several research firms recently weighed in on QMCO. Northland Securities upped their price objective on shares of Quantum from $5.00 to $18.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Lake Street Capital increased their price target on shares of Quantum from $5.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th.

Insider Activity at Quantum

In other news, major shareholder Pacific Investment Management sold 962,127 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $10.25, for a total value of $9,861,801.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James J. Lerner sold 2,784 shares of the 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 transaction, the chief executive officer now directly owns 110,848 shares in the company, valued at approximately $1,069,683.20. This represents a 2.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 966,304 shares of company stock valued at $9,902,545. Corporate insiders own 4.50% of the company's stock.

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.