Qumu Corp. (NASDAQ:QUMU) Director Robert F. Olson purchased 5,000 shares of Qumu Corp. stock in a transaction dated Tuesday, November 15th. The stock was bought at an average price of $2.95 per share, with a total value of $14,750.00. Following the acquisition, the director now directly owns 21,560 shares of the company’s stock, valued at $63,602. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Qumu Corp. (NASDAQ:QUMU) traded down 0.34% on Friday, reaching $2.97. 222 shares of the company traded hands. The firm has a 50-day moving average price of $2.97 and a 200 day moving average price of $3.50. The company’s market capitalization is $27.41 million. Qumu Corp. has a one year low of $2.10 and a one year high of $5.50.

Qumu Corp. (NASDAQ:QUMU) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.12. Qumu Corp. had a negative net margin of 47.67% and a negative return on equity of 62.93%. The firm earned $7.10 million during the quarter, compared to analyst estimates of $7.21 million. During the same quarter last year, the business earned ($0.79) EPS. The company’s revenue was down 25.9% compared to the same quarter last year. Equities analysts forecast that Qumu Corp. will post ($1.27) EPS for the current fiscal year.

Separately, Zacks Investment Research cut shares of Qumu Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 6th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keane Capital Partners LLC raised its position in Qumu Corp. by 87.6% in the second quarter. Keane Capital Partners LLC now owns 127,570 shares of the company’s stock valued at $566,000 after buying an additional 59,559 shares during the last quarter. Bridgeway Capital Management Inc. raised its stake in Qumu Corp. by 134.1% in the second quarter. Bridgeway Capital Management Inc. now owns 85,200 shares of the company’s stock valued at $378,000 after buying an additional 48,800 shares in the last quarter. Teton Advisors Inc. raised its stake in Qumu Corp. by 0.5% in the second quarter. Teton Advisors Inc. now owns 202,400 shares of the company’s stock valued at $899,000 after buying an additional 1,000 shares in the last quarter. Perkins Capital Management Inc. raised its stake in Qumu Corp. by 120.6% in the second quarter. Perkins Capital Management Inc. now owns 300,010 shares of the company’s stock valued at $1,332,000 after buying an additional 164,010 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Qumu Corp. by 192.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 50,324 shares of the company’s stock valued at $232,000 after buying an additional 33,126 shares in the last quarter. Hedge funds and other institutional investors own 50.71% of the company’s stock.

About Qumu Corp.

Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.

5 Day Chart for NASDAQ:QUMU

Receive News & Stock Ratings for Qumu Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu Corp. and related stocks with our FREE daily email newsletter.