Oppenheimer Reaffirms Market Perform Rating for Quantum (NASDAQ:QMCO)

Oppenheimer reiterated their market perform rating on shares of Quantum (NASDAQ:QMCO) in a report issued on Wednesday, Benzinga reports.

Quantum Stock Performance

Shares of NASDAQ QMCO opened at $0.41 on Wednesday. Quantum has a 1 year low of $0.24 and a 1 year high of $1.32. The company’s 50-day moving average is $0.53 and its 200 day moving average is $0.44.

Hedge Funds Weigh In On Quantum

Hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Quantum by 151.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,066 shares of the company’s stock valued at $39,000 after buying an additional 38,592 shares during the period. Renaissance Technologies LLC purchased a new stake in Quantum in the third quarter worth about $112,000. Susquehanna International Group LLP purchased a new stake in Quantum in the fourth quarter worth about $97,000. Squarepoint Ops LLC purchased a new stake in Quantum in the first quarter worth about $74,000. Finally, Citadel Advisors LLC purchased a new stake in Quantum in the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.