33,612 Shares in Quantum Co. (NASDAQ:QMCO) Bought by Jane Street Group LLC

Jane Street Group LLC bought a new position in Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 33,612 shares of the company’s stock, valued at approximately $1,812,000. Jane Street Group LLC owned 0.58% of Quantum as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of QMCO. UNICOM Systems Inc. bought a new position in Quantum in the 4th quarter worth $4,057,000. Diametric Capital LP bought a new position in Quantum in the 4th quarter worth $670,000. CIBC Private Wealth Group LLC bought a new position in Quantum in the 4th quarter worth $593,000. Arkadios Wealth Advisors bought a new position in Quantum in the 4th quarter worth $466,000. Finally, LPL Financial LLC bought a new position in Quantum in the 4th quarter worth $397,000. 63.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on QMCO shares. Lake Street Capital raised their price target on Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Northland Securities raised their price target on Quantum from $5.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, January 30th.

Quantum Price Performance

NASDAQ:QMCO opened at $10.94 on Friday. The business’s 50-day simple moving average is $12.62 and its two-hundred day simple moving average is $19.07. Quantum Co. has a 52 week low of $2.22 and a 52 week high of $90.64.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.88) by ($0.08). As a group, analysts expect that Quantum Co. will post -5.5 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Pacific Investment Management sold 962,127 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $10.25, for a total transaction of $9,861,801.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James J. Lerner sold 2,784 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $9.65, for a total value of $26,865.60. Following the transaction, the chief executive officer now owns 110,848 shares of the company’s stock, valued at approximately $1,069,683.20. The trade was a 2.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 966,304 shares of company stock worth $9,902,545 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Quantum 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.