Qumu Corp. (NASDAQ:QUMU) Director Thomas F. Madison purchased 14,625 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was bought at an average price of $2.98 per share, with a total value of $43,582.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Qumu Corp. (NASDAQ:QUMU) traded up 3.28% on Monday, hitting $3.15. The stock had a trading volume of 31,952 shares. The company’s market capitalization is $29.07 million. The company has a 50-day moving average of $2.99 and a 200 day moving average of $3.49. Qumu Corp. has a 52 week low of $2.10 and a 52 week high of $5.50.

Qumu Corp. (NASDAQ:QUMU) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.12. The firm earned $7.10 million during the quarter, compared to analyst estimates of $7.21 million. Qumu Corp. had a negative return on equity of 62.93% and a negative net margin of 47.67%. Qumu Corp.’s revenue was down 25.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.79) EPS. On average, equities research analysts predict that Qumu Corp. will post ($1.27) EPS for the current year.

Separately, Zacks Investment Research upgraded Qumu Corp. from a “hold” rating to a “strong-buy” rating and set a $3.00 price target for the company in a research note on Tuesday, November 8th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Perkins Capital Management Inc. increased its position in shares of 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. Keane Capital Partners LLC increased its position in shares of 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 in the last quarter. Bridgeway Capital Management Inc. increased its position in shares of 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. Jacobs Levy Equity Management Inc. increased its position in shares of 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. Finally, Teton Advisors Inc. increased its position in shares of 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. 50.60% of the stock is owned by institutional investors.

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.

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