Quantum Corporation (NYSE:QTM) insider Jon W. Gacek sold 5,793 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $6.19, for a total transaction of $35,858.67. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 stock was sold at an average price of $5.50, for a total value of $67,397.00.

Shares of Quantum Corporation (NYSE:QTM) traded up 1.47% during trading on Monday, reaching $6.21. The company’s stock had a trading volume of 160,324 shares. The stock’s 50 day moving average price is $5.66 and its 200-day moving average price is $6.25. The stock has a market cap of $214.07 million, a price-to-earnings ratio of 60.29 and a beta of 2.41. Quantum Corporation has a 52-week low of $0.68 and a 52-week high of $9.20.

Quantum Corporation (NYSE:QTM) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $116.86 million during the quarter, compared to analysts’ expectations of $119.40 million. Quantum Corporation had a net margin of 0.64% and a negative return on equity of 7.26%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts anticipate that Quantum Corporation will post $0.47 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System purchased a new position in Quantum Corporation during the 2nd quarter valued at about $387,000. The Manufacturers Life Insurance Company raised its position in Quantum Corporation by 1,582.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,348 shares of the technology company’s stock valued at $190,000 after purchasing an additional 22,901 shares during the last quarter. Bluefin Trading LLC purchased a new stake in Quantum Corporation in the 2nd quarter worth approximately $169,000. State Street Corp lifted its holdings in Quantum Corporation by 23.0% in the 2nd quarter. State Street Corp now owns 316,327 shares of the technology company’s stock worth $2,473,000 after buying an additional 59,106 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Quantum Corporation in the 2nd quarter worth approximately $280,000. Institutional investors own 64.17% of the company’s stock.

Several research firms have recently weighed in on QTM. BidaskClub lowered Quantum Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Quantum Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Lake Street Capital cut their target price on Quantum Corporation from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th.

Quantum Corporation Company Profile

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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