Henk Jan Spanjaard Sells Quantum Co. Stock

Henk Jan Spanjaard, the Chief Revenue Officer (CRO) of Quantum Co. (NASDAQ:QMCO), recently sold 935 shares of the company's stock on January 16th. The shares were sold at an average price of $35.68, bringing the total value of the transaction to $33,360.80. After this sale, Spanjaard now holds 14,903 shares of the company, which are worth approximately $531,739.04. This transaction marks a 5.90% decrease in his overall ownership in Quantum. The details of the sale were filed with the SEC, which can be reviewed for more information.

In addition to this recent sale, Henk Jan Spanjaard had previously conducted another transaction on November 8th, when he sold 394 shares of Quantum stock. These shares were sold at an average price of $4.43, totaling $1,745.42.

Quantum Stock Performance

On the market, Quantum Co.'s stock has faced challenges, decreasing by 15.5%. As of the report, NASDAQ QMCO was trading down $5.97, reaching a price of $32.60. During this trading session, 1,578,688 shares were exchanged, compared to the average volume of 2,276,472 shares. Over the past year, Quantum has experienced a low of $2.22 and a high of $90.64. Currently, the 50-day moving average is $26.82, while the 200-day moving average is $12.70.

Institutional Investment in Quantum

An institutional investor, Arkadios Wealth Advisors, recently acquired a new position in Quantum Co. during the fourth quarter. According to their latest 13F filing with the SEC, they purchased 8,642 shares of Quantum stock, valued at around $466,000. At the end of this reporting period, Arkadios Wealth Advisors held about 0.18% of Quantum's stock. Notably, hedge funds and other institutional investors collectively own approximately 63.66% of the company's shares.

Analysts Insights

On the analysis front, Northland Securities has reaffirmed a "market perform" rating for Quantum shares. They set a price target of $5.00 on Quantum, which has increased from a previous target of $0.25, in their research report dated November 14th.

About Quantum Corporation

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 Asia Pacific. Their product range includes Myriad All-Flash File and Object Storage Software for high-performance enterprise data applications, Unified Surveillance Platform Software for video analytics, and StorNext Hybrid Flash/Disk File Storage Software aimed at video editing and archives.

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