Henk Jan Spanjaard Sells Shares of Quantum Co. (NASDAQ:QMCO)

On Thursday, January 16th, Henk Jan Spanjaard, the Chief Revenue Officer (CRO) at Quantum Co. (NASDAQ:QMCO), sold 935 shares of the company's stock. The shares were sold at an average price of $35.68, amounting to a total value of $33,360.80. After this transaction, Spanjaard now owns 14,903 shares of Quantum Co., with a total value of approximately $531,739.04. This sale marks a decrease of 5.90% in his ownership position. The details of this trade were formally reported in a filing with the U.S. Securities and Exchange Commission (SEC), which can be found through their website.

In addition to this recent transaction, Spanjaard made another trade on November 8th, where he sold 394 shares of Quantum stock at an average price of $4.43, totaling $1,745.42.

Current Status of Quantum Stock

Quantum's stock experienced a decline of 15.5% on the following Friday, trading down $5.97 and reaching a price of $32.60. A total of 1,578,688 shares were exchanged that day, which is below the average trading volume of 2,276,472 shares. Over the past year, Quantum's stock has fluctuated between a low of $2.22 and a high of $90.64. The company currently holds a 50-day moving average of $26.82 and a 200-day moving average of $12.70.

Institutional Investment in Quantum

Recently, Arkadios Wealth Advisors has entered a new position in Quantum stock. In the fourth quarter, this institutional investor acquired 8,642 shares valued at around $466,000. After this acquisition, Arkadios Wealth Advisors owned approximately 0.18% of Quantum at the close of the recent reporting period. As of now, hedge funds and other institutional investors hold about 63.66% of the company's shares.

Analyst Recommendations

Looking at Wall Street's perspective, Northland Securities has reiterated a "market perform" rating on Quantum's stock. They have raised their price target from $0.25 to $5.00 in a research report released on November 14th.

Quantum Company Overview

Quantum Corporation specializes in providing solutions for storing and managing digital video and unstructured data across various regions, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Their offerings include Myriad All-Flash File and Object Storage Software, Unified Surveillance Platform Software, StorNext Hybrid Flash/Disk File Storage Software, and CatDV Asset Management Software. These products cater to high-performance needs in enterprise unstructured data applications such as artificial intelligence (AI), machine learning, and data analytics.

Quantum, Stocks, Sales