Robert F. Olson Acquires 10,000 Shares of Qumu Co. (NASDAQ:QUMU) Stock

Qumu Co. (NASDAQ:QUMU – Get Rating) Director Robert F. Olson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $1.11 per share, with a total value of $11,100.00. Following the completion of the transaction, the director now directly owns 131,560 shares in the company, valued at $146,031.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ QUMU traded down $0.07 during midday trading on Monday, reaching $1.09. 15,880 shares of the stock were exchanged, compared to its average volume of 45,795. The firm has a market cap of $19.45 million, a price-to-earnings ratio of -1.11 and a beta of 1.65. Qumu Co. has a twelve month low of $0.98 and a twelve month high of $5.22. The firm has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $1.84. The company has a quick ratio of 1.24, a current ratio of 1.04 and a debt-to-equity ratio of 0.01.

Qumu (NASDAQ:QUMU – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The technology company reported ($0.26) EPS 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 firm posted ($0.29) EPS. Research analysts expect that Qumu Co. will post -0.79 EPS for the current fiscal year.

Several equities analysts recently weighed in on QUMU shares. StockNews.com started coverage on shares of Qumu in a report on Saturday. They issued a “sell” rating on the stock. Zacks Investment Research downgraded shares of Qumu from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Qumu by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 125,829 shares of the technology company’s stock valued at $266,000 after buying an additional 7,804 shares in the last quarter. Millennium Management LLC purchased a new position in Qumu in the 3rd quarter valued at $264,000. Goldman Sachs Group Inc. purchased a new position in Qumu in the 3rd quarter valued at $75,000. Morgan Stanley lifted its holdings in Qumu by 815,600.0% in the 1st quarter. Morgan Stanley now owns 8,157 shares of the technology company’s stock valued at $55,000 after purchasing an additional 8,156 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its holdings in Qumu by 6.1% in the 1st quarter. Perkins Capital Management Inc. now owns 297,700 shares of the technology company’s stock valued at $524,000 after purchasing an additional 17,000 shares in the last quarter. Hedge funds and other institutional investors own 38.32% of the company’s stock.

About Qumu (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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