Insider Selling: Quantum Corporation (QTM) SVP Sells 61,912 Shares of Stock
Quantum Corporation (NYSE:QTM) SVP Robert S. Clark sold 61,912 shares of Quantum Corporation stock in a transaction on Monday, July 10th. The stock was sold at an average price of $8.16, for a total transaction of $505,201.92. Following the sale, the senior vice president now owns 74,703 shares in the company, valued at $609,576.48. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Quantum Corporation (QTM) traded up 2.67% during midday trading on Tuesday, reaching $8.45. 475,114 shares of the company traded hands. The firm has a market capitalization of $288.08 million, a P/E ratio of 78.24 and a beta of 2.33. Quantum Corporation has a 12 month low of $3.28 and a 12 month high of $9.20. The company has a 50 day moving average of $7.93 and a 200 day moving average of $3.51.
Quantum Corporation (NYSE:QTM) last posted its quarterly earnings results on Wednesday, May 10th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $122.59 million. Quantum Corporation had a net margin of 0.62% and a negative return on equity of 5.94%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. On average, equities research analysts predict that Quantum Corporation will post $0.63 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Insider Selling: Quantum Corporation (QTM) SVP Sells 61,912 Shares of Stock” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/07/11/insider-selling-quantum-corporation-qtm-svp-sells-61912-shares-of-stock.html.
Separately, Zacks Investment Research upgraded shares of Quantum Corporation from a “hold” rating to a “strong-buy” rating and set a $9.25 price target on the stock in a research note on Wednesday, May 17th.
A number of hedge funds have recently bought and sold shares of QTM. Wells Fargo & Company MN boosted its stake in Quantum Corporation by 86.0% in the first quarter. Wells Fargo & Company MN now owns 14,238,193 shares of the technology company’s stock valued at $12,387,000 after buying an additional 6,584,382 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Quantum Corporation by 26.8% in the first quarter. Renaissance Technologies LLC now owns 8,026,252 shares of the technology company’s stock valued at $6,983,000 after buying an additional 1,695,300 shares in the last quarter. Algert Global LLC boosted its stake in Quantum Corporation by 1,767.2% in the first quarter. Algert Global LLC now owns 1,479,745 shares of the technology company’s stock valued at $1,287,000 after buying an additional 1,400,495 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Quantum Corporation by 50.7% in the first quarter. Pacific Ridge Capital Partners LLC now owns 3,988,157 shares of the technology company’s stock worth $3,470,000 after buying an additional 1,342,013 shares during the period. Finally, FMR LLC boosted its stake in shares of Quantum Corporation by 42.3% in the fourth quarter. FMR LLC now owns 3,410,665 shares of the technology company’s stock worth $2,838,000 after buying an additional 1,013,532 shares during the period.
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 MarketBeat.com's FREE daily email newsletter.