Discovery Fund Lp Harbert Buys 51,618 Shares of Qumu Corporation (QUMU) Stock
Qumu Corporation (NASDAQ:QUMU) major shareholder Discovery Fund Lp Harbert acquired 51,618 shares of Qumu Corporation stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average price of $2.46 per share, with a total value of $126,980.28. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Qumu Corporation (NASDAQ:QUMU) opened at $2.40 on Friday. Qumu Corporation has a 52 week low of $1.80 and a 52 week high of $3.28.
Separately, Zacks Investment Research cut shares of Qumu Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
Several hedge funds and other institutional investors have recently made changes to their positions in QUMU. Bank of New York Mellon Corp lifted its stake in shares of Qumu Corporation by 76.6% in the first quarter. Bank of New York Mellon Corp now owns 51,862 shares of the technology company’s stock valued at $146,000 after purchasing an additional 22,501 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Qumu Corporation by 1.1% in the first quarter. Renaissance Technologies LLC now owns 642,100 shares of the technology company’s stock valued at $1,811,000 after purchasing an additional 6,741 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Qumu Corporation by 9.6% in the second quarter. Northern Trust Corp now owns 35,745 shares of the technology company’s stock valued at $104,000 after purchasing an additional 3,144 shares during the period. Hedge funds and other institutional investors own 24.76% of the company’s stock.
Qumu Corporation Company Profile
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.
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