Insider Buying: Qumu Corp (QUMU) Major Shareholder Purchases 47,193 Shares of Stock
Qumu Corp (NASDAQ:QUMU) major shareholder Harbert Discovery Fund Gp, Llc bought 47,193 shares of the stock in a transaction on Friday, November 9th. The shares were acquired at an average cost of $2.52 per share, for a total transaction of $118,926.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of QUMU stock opened at $2.39 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. Qumu Corp has a twelve month low of $1.42 and a twelve month high of $3.15.
Qumu (NASDAQ:QUMU) last announced its quarterly earnings results on Wednesday, October 31st. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.37). The firm had revenue of $5.65 million for the quarter. Qumu had a negative net margin of 27.26% and a negative return on equity of 80.49%. As a group, equities research analysts expect that Qumu Corp will post -0.77 earnings per share for the current fiscal year.
Qumu Company Profile
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers Qumu Qx Enterprise Video Platform, an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
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