State Street Corp Reduces Stake in Quantum Co. (NASDAQ:QMCO)

State Street Corp decreased its holdings in shares of Quantum Co. (NASDAQ:QMCO) by 95.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,114 shares of the company’s stock after selling 325,221 shares during the quarter. State Street Corp owned approximately 0.36% of Quantum worth $60,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Northland Securities reissued a “market perform” rating and set a $5.00 price objective (up previously from $0.25) on shares of Quantum in a report on Thursday, November 14th.

Insider Activity at Quantum

In other Quantum news, CEO James J. Lerner sold 6,505 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $4.43, for a total value of $28,817.15. Following the completion of the sale, the chief executive officer now owns 107,491 shares in the company, valued at approximately $476,185.13. The trade was a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 15,561 shares of company stock valued at $68,935 in the last three months. 3.90% of the stock is currently owned by company insiders.

Quantum Stock Performance

NASDAQ QMCO opened at $54.43 on Friday. The company has a fifty day moving average of $21.59 and a two-hundred day moving average of $11.13. Quantum Co. has a 1 year low of $2.22 and a 1 year high of $90.64.

Quantum Company Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.