Insider Selling: Quantum Corporation (QTM) Insider Sells $35,858.67 in Stock
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.
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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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