Quantum Co. (NASDAQ:QMCO) CEO Sells $808,605.00 in Stock

Quantum Co. (NASDAQ:QMCO) CEO James J. Lerner sold 132,125 shares of the firm’s stock in a transaction dated Wednesday, July 21st. The shares were sold at an average price of $6.12, for a total value of $808,605.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Quantum stock traded down $0.07 during trading on Thursday, hitting $6.30. 5,201 shares of the stock traded hands, compared to its average volume of 521,049. The company has a market capitalization of $359.67 million, a PE ratio of -7.90 and a beta of 2.24. The business has a fifty day simple moving average of $7.40. Quantum Co. has a 52 week low of $3.96 and a 52 week high of $9.47.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings data on Tuesday, May 25th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $92.43 million for the quarter, compared to the consensus estimate of $98.05 million. On average, research analysts anticipate that Quantum Co. will post -0.02 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC grew its position in Quantum by 40.3% during the 1st quarter. Citadel Advisors LLC now owns 24,027 shares of the company’s stock worth $200,000 after acquiring an additional 6,900 shares during the last quarter. Squarepoint Ops LLC grew its position in Quantum by 114.5% during the 1st quarter. Squarepoint Ops LLC now owns 125,822 shares of the company’s stock worth $1,048,000 after acquiring an additional 67,153 shares during the last quarter. Millennium Management LLC grew its position in Quantum by 129.8% during the 1st quarter. Millennium Management LLC now owns 89,213 shares of the company’s stock worth $743,000 after acquiring an additional 50,396 shares during the last quarter. California State Teachers Retirement System grew its position in Quantum by 42.0% during the 1st quarter. California State Teachers Retirement System now owns 62,741 shares of the company’s stock worth $523,000 after acquiring an additional 18,550 shares during the last quarter. Finally, PDT Partners LLC grew its position in Quantum by 89.2% during the 1st quarter. PDT Partners LLC now owns 23,791 shares of the company’s stock worth $198,000 after acquiring an additional 11,218 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Separately, Zacks Investment Research lowered Quantum from a “hold” rating to a “sell” rating in a research report on Friday, May 28th.

About Quantum

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 StorNext software systems that enable high-speed ingest, editing, processing, and management of digital video and image datasets; and Scalar tape systems that provide long-term data storage facility to archive and preserve digital content for decades.

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