Quantum Corporation (NYSE:QTM) insider Jon W. Gacek sold 5,793 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $6.19, for a total value of $35,858.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Jon W. Gacek also recently made the following trade(s):

  • On Friday, September 1st, Jon W. Gacek sold 12,254 shares of Quantum Corporation stock. The shares were sold at an average price of $5.50, for a total value of $67,397.00.

Quantum Corporation (QTM) opened at 6.21 on Tuesday. The firm has a market cap of $214.07 million, a PE ratio of 60.29 and a beta of 2.41. Quantum Corporation has a one year low of $0.68 and a one year high of $9.20. The company’s 50-day moving average is $5.66 and its 200 day moving average is $6.25.

Quantum Corporation (NYSE:QTM) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). Quantum Corporation had a net margin of 0.64% and a negative return on equity of 7.26%. The business had revenue of $116.86 million for the quarter, compared to the consensus estimate of $119.40 million. The business’s revenue was up .5% on a year-over-year basis. Equities analysts anticipate that Quantum Corporation will post $0.47 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/quantum-corporation-qtm-insider-jon-w-gacek-sells-5793-shares-of-stock/1604685.html.

Several hedge funds and other institutional investors have recently modified their holdings of QTM. Vanguard Group Inc. increased its position in shares of Quantum Corporation by 4.3% during the first quarter. Vanguard Group Inc. now owns 9,332,945 shares of the technology company’s stock worth $8,120,000 after acquiring an additional 383,871 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Quantum Corporation by 26.8% in the 1st quarter. Renaissance Technologies LLC now owns 8,026,252 shares of the technology company’s stock worth $6,983,000 after acquiring an additional 1,695,300 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Quantum Corporation by 2.0% in the 1st quarter. Neuberger Berman Group LLC now owns 6,033,887 shares of the technology company’s stock worth $5,249,000 after acquiring an additional 120,490 shares during the last quarter. FMR LLC raised its holdings in shares of Quantum Corporation by 2.3% in the 1st quarter. FMR LLC now owns 3,490,385 shares of the technology company’s stock worth $3,037,000 after acquiring an additional 79,720 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in shares of Quantum Corporation by 18.2% in the 1st quarter. Kennedy Capital Management Inc. now owns 1,982,737 shares of the technology company’s stock worth $1,725,000 after acquiring an additional 304,844 shares during the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research cut Quantum Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded Quantum Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Lake Street Capital decreased their price target on shares of Quantum Corporation from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 10th.

About Quantum Corporation

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

Receive News & Ratings for Quantum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.