Quantum Corporation (NYSE:QTM) insider Jon W. Gacek sold 5,793 shares of Quantum Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $6.19, for a total transaction of $35,858.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jon W. Gacek also recently made the following trade(s):

  • On Friday, September 1st, Jon W. Gacek sold 12,254 shares of Quantum Corporation stock. The shares were sold at an average price of $5.50, for a total transaction of $67,397.00.

Quantum Corporation (NYSE:QTM) opened at 6.15 on Thursday. Quantum Corporation has a 1-year low of $0.70 and a 1-year high of $9.20. The firm has a market capitalization of $212.00 million, a price-to-earnings ratio of 59.71 and a beta of 2.41. The firm’s 50-day moving average is $5.68 and its 200-day moving average is $6.29.

Quantum Corporation (NYSE:QTM) last posted its earnings results on Wednesday, August 9th. The technology company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). Quantum Corporation had a negative return on equity of 7.26% and a net margin of 0.64%. The firm had revenue of $116.86 million during the quarter, compared to the consensus estimate of $119.40 million. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts anticipate that Quantum Corporation will post $0.47 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Insider Selling: Quantum Corporation (QTM) Insider Sells $35,858.67 in Stock” was originally posted by Marea Informative and is owned by of Marea Informative. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at http://www.mareainformativa.com/insider-selling-quantum-corporation-qtm-insider-sells-35858-67-in-stock/116902/.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Quantum Corporation by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 9,332,945 shares of the technology company’s stock worth $8,120,000 after purchasing an additional 383,871 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Quantum Corporation by 94.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 700,507 shares of the technology company’s stock worth $609,000 after purchasing an additional 340,079 shares during the last quarter. Lyon Street Capital LLC bought a new stake in shares of Quantum Corporation in the 1st quarter worth about $525,000. FMR LLC grew its holdings in shares of Quantum Corporation by 2.3% in the 1st quarter. FMR LLC now owns 3,490,385 shares of the technology company’s stock worth $3,037,000 after purchasing an additional 79,720 shares during the last quarter. Finally, AXA bought a new stake in shares of Quantum Corporation in the 2nd quarter worth about $1,267,000. 64.17% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on QTM. Zacks Investment Research lowered shares of Quantum Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Lake Street Capital decreased their price target on shares of Quantum Corporation from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 10th. Finally, BidaskClub lowered shares of Quantum Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th.

About Quantum Corporation

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

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