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Qumu (NASDAQ:QUMU) CFO James R. Stewart bought 1,000 shares of the stock on the open market in a transaction dated Monday, June 9th. The shares were purchased at an average price of $13.40 per share, with a total value of $13,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at TheStreet downgraded shares of Qumu from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.

Shares of Qumu (NASDAQ:QUMU) traded down 0.37% on Tuesday, hitting $13.35. The stock had a trading volume of 1,105 shares. Qumu has a 52-week low of $7.51 and a 52-week high of $18.09. The stock’s 50-day moving average is $14.19 and its 200-day moving average is $14.53. The company’s market cap is $115.9 million.

Qumu (NASDAQ:QUMU) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.43) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.42) by $0.01. On average, analysts predict that Qumu will post $-1.54 earnings per share for the current fiscal year.

Qumu Corporation, formerly Rimage Corporation, helps businesses deliver digital content directly and securely to their customers and employees.

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