Insider Buying: Qumu Co. (NASDAQ:QUMU) Director Buys 10,000 Shares of Stock

Qumu Co. (NASDAQ:QUMUGet Rating) Director Robert F. Olson acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was bought at an average price of $1.13 per share, with a total value of $11,300.00. Following the transaction, the director now directly owns 121,560 shares in the company, valued at $137,362.80. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ QUMU traded down $0.07 on Monday, reaching $1.09. The company had a trading volume of 15,880 shares, compared to its average volume of 45,795. The firm has a market capitalization of $19.45 million, a price-to-earnings ratio of -1.18 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.04. Qumu Co. has a 1-year low of $0.98 and a 1-year high of $5.22. The company’s fifty day moving average is $1.54 and its 200-day moving average is $1.84.

Qumu (NASDAQ:QUMUGet Rating) last announced its earnings results on Thursday, May 12th. The technology company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.05). Qumu had a negative return on equity of 118.73% and a negative net margin of 71.54%. During the same quarter last year, the business earned ($0.29) earnings per share. On average, research analysts forecast that Qumu Co. will post -0.79 earnings per share for the current year.

QUMU has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Qumu in a report on Saturday. They set a “sell” rating for the company. Zacks Investment Research lowered shares of Qumu from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.

Large investors have recently modified their holdings of the business. Keudell Morrison Wealth Management bought a new stake in Qumu during the 3rd quarter worth about $27,000. Jump Financial LLC bought a new stake in shares of Qumu in the 3rd quarter valued at about $33,000. Morgan Stanley raised its holdings in shares of Qumu by 84.5% in the 2nd quarter. Morgan Stanley now owns 15,049 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6,892 shares during the period. Marshall Wace LLP bought a new stake in shares of Qumu in the 3rd quarter valued at about $56,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Qumu in the 3rd quarter valued at about $75,000. 38.32% of the stock is currently owned by hedge funds and other institutional investors.

Qumu Company Profile (Get Rating)

Qumu Corporation provides tools to create, manage, secure, distribute, and measure live and on-demand video content for the enterprises. It offers software on a license, cloud-hosted software as a service, or term software license basis; and sells third-party hardware appliances, as well as provides maintenance and support, and professional and other services.

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