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

Henk Jan Spanjaard, the Chief Revenue Officer (CRO) of Quantum Co. (NASDAQ:QMCO), sold 935 shares of the company's stock on Thursday, January 16th. The sale was executed at an average price of $35.68 per share, bringing the total value of the transaction to $33,360.80. After this transaction, Spanjaard now directly holds 14,903 shares of Quantum, which are valued at approximately $531,739.04. This sale reflects a 5.90% decrease in his overall ownership of the company’s stock. The details of this sale were documented in a filing with the Securities and Exchange Commission (SEC) and can be accessed via a legal link.

In addition to this transaction, Henk Jan Spanjaard made another recent trade on Friday, November 8th, where he sold 394 shares of Quantum stock. In that transaction, the shares were sold for an average price of $4.43, totaling a value of $1,745.42.

Quantum Stock Performance

As of Friday, Quantum stock faced a decline, dropping 15.5% to reach a trading price of $32.60. During the trading session, the company saw a total volume of 1,578,688 shares exchanged, which is lower than its average trading volume of 2,276,472 shares. Over the past year, the stock hit a low of $2.22 and reached a high of $90.64. The current 50-day moving average stands at $26.82, while the 200-day moving average is at $12.70.

Institutional Investments in Quantum

Recently, an institutional investor, Arkadios Wealth Advisors, has taken an interest in Quantum stock. According to their latest 13F filing with the SEC, they acquired a new position in Quantum Co. during the fourth quarter, purchasing 8,642 shares valued at approximately $466,000. This investment indicates that Arkadios Wealth Advisors owned around 0.18% of Quantum at the end of the reporting period. Currently, hedge funds and other institutional investors collectively hold about 63.66% of Quantum's stock.

Analyst Ratings on Quantum

Wall Street analysts have also weighed in on Quantum's stock, with Northland Securities recently reaffirming a "market perform" rating. They increased their price target for the shares to $5.00, up from a previous target of $0.25, indicating some optimism regarding the company’s future prospects.

About Quantum Corporation

Quantum Corporation specializes in providing solutions for the storage and management of digital video and unstructured data across multiple regions, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. They offer various products and software for high-performance storage applications, video surveillance systems, and asset management of digital media.

shares, sale, CRO