Qumu Corporation (NASDAQ:QUMU) major shareholder Harbert Discovery Fund Gp, Llc bought 156,709 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was acquired at an average cost of $2.44 per share, for a total transaction of $382,369.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Qumu Corporation (QUMU) traded down $0.12 during trading on Friday, hitting $2.40. 51,843 shares of the stock were exchanged, compared to its average volume of 30,063. Qumu Corporation has a fifty-two week low of $1.80 and a fifty-two week high of $3.28.

Qumu Corporation (NASDAQ:QUMU) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.04. The company had revenue of $6.65 million for the quarter, compared to analysts’ expectations of $7.06 million. Qumu Corporation had a negative net margin of 28.91% and a negative return on equity of 53.51%. Qumu Corporation’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.46) EPS. analysts predict that Qumu Corporation will post -0.87 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research cut shares of Qumu Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.

A number of institutional investors and hedge funds have recently made changes to their positions in QUMU. Bank of New York Mellon Corp increased its stake in Qumu Corporation by 76.6% in the 1st quarter. Bank of New York Mellon Corp now owns 51,862 shares of the technology company’s stock valued at $146,000 after buying an additional 22,501 shares during the period. Renaissance Technologies LLC increased its stake in Qumu Corporation by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 642,100 shares of the technology company’s stock valued at $1,811,000 after buying an additional 6,741 shares during the period. Finally, Northern Trust Corp increased its stake in Qumu Corporation by 9.6% in the 2nd quarter. Northern Trust Corp now owns 35,745 shares of the technology company’s stock valued at $104,000 after buying an additional 3,144 shares during the period. 24.76% of the stock is currently owned by institutional investors.

About Qumu Corporation

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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