Qumu Corporation (NASDAQ:QUMU) major shareholder Discovery Fund Lp Harbert acquired 51,618 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was acquired at an average cost of $2.46 per share, for a total transaction of $126,980.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Qumu Corporation (QUMU) traded down $0.12 during mid-day trading on Friday, reaching $2.40. The company had a trading volume of 51,843 shares, compared to its average volume of 30,619.

Qumu Corporation (NASDAQ:QUMU) last released 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 business had revenue of $6.65 million for the quarter, compared to analysts’ expectations of $7.06 million. Qumu Corporation had a negative return on equity of 53.51% and a negative net margin of 28.91%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.46) EPS. equities analysts predict that Qumu Corporation will post -0.87 EPS for the current year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its stake in Qumu Corporation by 9.6% during 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 last quarter. Renaissance Technologies LLC raised its stake in Qumu Corporation by 1.1% during 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 last quarter. Finally, Bank of New York Mellon Corp raised its stake in Qumu Corporation by 76.6% during 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 last quarter. Institutional investors and hedge funds own 24.76% of the company’s stock.

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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