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

On Thursday, January 16th, Henk Jan Spanjaard, the Chief Revenue Officer (CRO) of Quantum Co. (NASDAQ:QMCO), sold 935 shares of the company's stock. The shares were sold at an average price of $35.68, resulting in a total value of $33,360.80 for this transaction. Following this sale, Spanjaard now directly owns 14,903 shares of Quantum Co., which are valued at approximately $531,739.04. This transaction represents a 5.90% reduction in his total ownership of the company. The details of the sale were made public in a filing with the Securities and Exchange Commission (SEC), which can be accessed via their official site.

In addition to this recent sale, Henk Jan Spanjaard engaged in another stock transaction earlier. On November 8th, he sold 394 shares of Quantum stock at an average price of $4.43, generating a total of $1,745.42.

Quantum Stock Performance

On Friday, Quantum Co.'s stock experienced a decline of 15.5%, dropping by $5.97 to reach a trading price of $32.60. In this trading session, approximately 1,578,688 shares changed hands, which is lower than the average trading volume of 2,276,472 shares. The company's stock has experienced a one-year low of $2.22 and a one-year high of $90.64, indicating significant fluctuations in its market value. Currently, the 50-day moving average stands at $26.82, while the 200-day moving average is at $12.70.

Institutional Investor Activity

In recent financial developments, Arkadios Wealth Advisors has acquired a new position in Quantum Co. during the fourth quarter. As per their latest 13F filing with the SEC, the firm purchased 8,642 shares of Quantum stock, valued at approximately $466,000. After this acquisition, Arkadios Wealth Advisors holds about 0.18% of Quantum’s total shares. Presently, around 63.66% of Quantum's stock is held by institutional investors and hedge funds.

Wall Street Analyst Opinions

In analyst news, Northland Securities has reaffirmed a "market perform" rating on Quantum stock and updated their price target to $5.00, an increase from the previous target of $0.25, in their research report dated November 14th.

About Quantum Corporation

Quantum Corporation specializes in the storage and management of digital video and unstructured data across various regions, including the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company's offerings include Myriad All-Flash File and Object Storage Software designed for high-performance enterprise applications such as artificial intelligence, machine learning, and data analytics. They also provide Unified Surveillance Platform Software for video surveillance and analytics, as well as other storage solutions for video editing, streaming, and archival purposes.

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