Qumu Corporation (NASDAQ:QUMU) major shareholder Discovery Fund Lp Harbert acquired 87,300 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $2.46 per share, with a total value of $214,758.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Discovery Fund Lp Harbert also recently made the following trade(s):

  • On Thursday, November 9th, Discovery Fund Lp Harbert acquired 9,300 shares of Qumu Corporation stock. The shares were acquired at an average cost of $2.44 per share, with a total value of $22,692.00.
  • On Wednesday, November 1st, Discovery Fund Lp Harbert acquired 51,618 shares of Qumu Corporation stock. The shares were acquired at an average cost of $2.46 per share, with a total value of $126,980.28.

Qumu Corporation (NASDAQ QUMU) traded down $0.02 during trading hours on Monday, reaching $2.46. The company had a trading volume of 11,700 shares, compared to its average volume of 37,315. Qumu Corporation has a 12 month low of $1.80 and a 12 month high of $3.28.

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A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its stake in Qumu Corporation by 9.6% during the second quarter. Northern Trust Corp now owns 35,745 shares of the technology company’s stock worth $104,000 after purchasing an additional 3,144 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Qumu Corporation by 1.1% during the first quarter. Renaissance Technologies LLC now owns 642,100 shares of the technology company’s stock worth $1,811,000 after purchasing an additional 6,741 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Qumu Corporation by 76.6% during the first quarter. Bank of New York Mellon Corp now owns 51,862 shares of the technology company’s stock worth $146,000 after purchasing an additional 22,501 shares during the last quarter. 24.36% of the stock is owned by hedge funds and other 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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