Qumu (NASDAQ:QUMU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “

Shares of Qumu (NASDAQ QUMU) opened at $2.30 on Friday. Qumu has a 1 year low of $1.80 and a 1 year high of $3.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $21.60, a PE ratio of -2.45 and a beta of -0.58.

In related news, major shareholder Harbert Discovery Fund Gp, Llc bought 156,709 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average price of $2.44 per share, with a total value of $382,369.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Discovery Fund Lp Harbert bought 51,618 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was bought at an average cost of $2.46 per share, with a total value of $126,980.28. The disclosure for this purchase can be found here. Insiders bought 304,927 shares of company stock valued at $746,800 in the last ninety days. Company insiders own 14.30% of the company’s stock.

A hedge fund recently raised its stake in Qumu stock. Northern Trust Corp boosted its holdings in Qumu Corp (NASDAQ:QUMU) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,745 shares of the technology company’s stock after purchasing an additional 3,144 shares during the period. Northern Trust Corp owned about 0.38% of Qumu worth $104,000 at the end of the most recent reporting period. 23.81% of the stock is currently owned by hedge funds and other institutional investors.

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About Qumu

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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