Bank of America Corp DE Has $4.06 Million Stock Holdings in Quantum Co. (NASDAQ:QMCO)

Bank of America Corp DE raised its holdings in shares of Quantum Co. (NASDAQ:QMCO - Free Report) by 125,408.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,305 shares of the company's stock after purchasing an additional 75,245 shares during the period. Bank of America Corp DE owned 1.31% of Quantum worth $4,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of QMCO. SBI Securities Co. Ltd. acquired a new stake in shares of Quantum during the 4th quarter worth approximately $194,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Quantum during the 4th quarter worth approximately $226,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Quantum during the 4th quarter worth approximately $272,000. Marshall Wace LLP acquired a new stake in shares of Quantum during the 4th quarter worth approximately $334,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Quantum during the 4th quarter worth approximately $345,000. Institutional investors own 63.66% of the company's stock.

Quantum Stock Down 3.8%

Shares of Quantum stock traded down $0.47 during trading on Friday, reaching $12.03. 2,019,432 shares of the company were exchanged, compared to its average volume of 1,435,466. The business has a 50-day moving average price of $11.75 and a 200-day moving average price of $19.54. Quantum Co. has a twelve month low of $2.22 and a twelve month high of $90.64.

Insider Activity at Quantum

In other news, major shareholder Pacific Investment Management sold 962,127 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $10.25, for a total transaction of $9,861,801.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James J. Lerner sold 2,784 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $9.65, for a total value of $26,865.60. Following the transaction, the chief executive officer now directly owns 110,848 shares of the company's stock, 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 sold 966,304 shares of company stock worth $9,902,545. 4.50% of the stock is owned by insiders.

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.