Henk Jan Spanjaard Sells 935 Shares of Quantum Co. (NASDAQ:QMCO) Stock

Henk Jan Spanjaard, Chief Revenue Officer (CRO) of Quantum Co. (NASDAQ:QMCO - Get Free Report), completed a transaction on Thursday, January 16th, during which he sold 935 shares of the company’s stock. The shares were sold at an average price of $35.68 each, leading to a total sale value of $33,360.80. After this transaction, Spanjaard’s total direct ownership in Quantum stands at 14,903 shares, which are worth approximately $531,739.04. This recent sale marks a 5.90% reduction in his position within the company. The details of this transaction were made public through a filing with the SEC, accessible via an official link.

In addition to this sale, Henk Jan Spanjaard made another notable transaction. On Friday, November 8th, he sold 394 shares of Quantum stock at an average price of $4.43, resulting in a total value of $1,745.42.

Quantum Stock Performance

On the following trading day, Friday, Quantum's stock price dropped by 15.5%, reaching $32.60. During this session, approximately 1,578,688 shares traded hands, contrasting with the average trading volume of 2,276,472 shares. Over the past year, the stock has seen a low of $2.22 and a high of $90.64. The company currently maintains a 50-day moving average of $26.82 and a 200-day moving average of $12.70.

Hedge Fund Activity

Recently, Arkadios Wealth Advisors has established a new position in Quantum Co. during the fourth quarter, as indicated in their latest 13F filing with the SEC. The advisory firm acquired 8,642 shares valued at around $466,000. At the end of the recent reporting period, Arkadios Wealth Advisors comprised about 0.18% of Quantum’s total shares. Hedge funds and other institutional investors collectively own 63.66% of the company’s stock.

Analyst Ratings

In related news, Northland Securities provided an updated rating on Quantum, reiterating a 'market perform' rating and establishing a price target of $5.00 per share, which was increased from the previous target of $0.25.

About Quantum Co.

Quantum Corporation specializes in products responsible for the storage and management of digital video and unstructured data across various regions, including the Americas, Europe, the Middle East, Africa, and Asia Pacific. Their offerings include Myriad All-Flash File and Object Storage Software tailored for high-performance enterprise applications involving AI, machine learning, and data analytics. They also offer a Unified Surveillance Platform Software designed to streamline compute and storage for video surveillance, along with various storage solutions aimed at video editing and digital file archiving.

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