Squarepoint Ops LLC Takes Position in Quantum Co. (NASDAQ:QMCO)

Squarepoint Ops LLC bought a new position in shares of Quantum Co. (NASDAQ:QMCO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,375 shares of the company’s stock, valued at approximately $506,000.

Several other large investors have also recently added to or reduced their stakes in QMCO. Bank of America Corp DE boosted its holdings in shares of Quantum by 125,408.3% in the 4th quarter. Bank of America Corp DE now owns 75,305 shares of the company’s stock valued at $4,060,000 after purchasing an additional 75,245 shares during the last quarter. UNICOM Systems Inc. purchased a new position in shares of Quantum in the 4th quarter worth $4,057,000. Itau Unibanco Holding S.A. purchased a new stake in Quantum during the fourth quarter valued at about $3,020,000. Jane Street Group LLC purchased a new stake in Quantum during the fourth quarter valued at about $1,812,000. Finally, Diametric Capital LP acquired a new stake in Quantum during the fourth quarter worth about $670,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Quantum Stock Performance

Quantum stock opened at $11.94 on Thursday. Quantum Co. has a 12 month low of $2.22 and a 12 month high of $90.64. The stock’s 50-day moving average is $11.57 and its 200-day moving average is $19.71.

Insider Activity at Quantum

In other news, CEO James J. Lerner sold 2,784 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $9.65, for a total value of $26,865.60. Following the completion of the sale, the chief executive officer now owns 110,848 shares of the company’s stock, valued at $1,069,683.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Pacific Investment Management sold 962,127 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $10.25, for a total transaction of $9,861,801.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 966,304 shares of company stock worth $9,902,545. Company insiders own 4.50% of the company’s stock.

Quantum Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.