Flagship Harbor Advisors LLC Purchases Shares of 4,194 Quantum Co. (NASDAQ:QMCO)

Flagship Harbor Advisors LLC acquired a new position in Quantum Co. (NASDAQ:QMCO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,194 shares of the company’s stock, valued at approximately $226,000.

Separately, Arkadios Wealth Advisors purchased a new position in Quantum in the 4th quarter worth approximately $466,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on QMCO. Lake Street Capital lifted their price objective on shares of Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday. Northland Securities reiterated a “market perform” rating and issued a $5.00 price target (up previously from $0.25) on shares of Quantum in a research note on Thursday, November 14th.

Quantum Stock Performance

NASDAQ QMCO opened at $22.45 on Thursday. Quantum Co. has a 1-year low of $2.22 and a 1-year high of $90.64. The business has a 50 day simple moving average of $31.78 and a two-hundred day simple moving average of $14.18.

Insider Activity at Quantum

In related news, CEO James J. Lerner sold 2,511 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $89,592.48. Following the sale, the chief executive officer now owns 107,804 shares of the company’s stock, valued at $3,846,446.72. This represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian E. Cabrera sold 1,996 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $71,217.28. Following the completion of the sale, the senior vice president now owns 27,940 shares in the company, valued at approximately $996,899.20. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,490 shares of company stock valued at $316,162. 3.90% of the stock is owned by corporate insiders.

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.