J Michael Dodson Acquires 100,000 Shares of Quantum Corp (OTCMKTS:QMCO) Stock
Quantum Corp (OTCMKTS:QMCO) CFO J Michael Dodson acquired 100,000 shares of Quantum stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $5.09 per share, for a total transaction of $509,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
OTCMKTS:QMCO opened at $5.44 on Thursday. The company has a 50-day simple moving average of $3.33. Quantum Corp has a twelve month low of $1.05 and a twelve month high of $5.67.
Several research firms recently weighed in on QMCO. Craig Hallum began coverage on Quantum in a research note on Wednesday, August 7th. They issued a “buy” rating on the stock. Lake Street Capital raised Quantum from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Wednesday, August 7th.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.
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