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), recently executed a transaction on January 16th, where he sold 935 shares of the company's stock. The shares were sold at an average price of $35.68, yielding a total value of $33,360.80. After this sale, Spanjaard owns a total of 14,903 shares in Quantum, which are currently valued at approximately $531,739.04. This sale has resulted in a 5.90% reduction in his ownership stake in the company. The details of this transaction were made public in a filing with the Securities and Exchange Commission (SEC), which can be accessed for further details.

In addition to this recent transaction, Henk Jan Spanjaard performed another sale on November 8th, selling 394 shares at an average price of $4.43, totaling $1,745.42.

Quantum Stock Performance

On the trading day following the sale, Quantum Co.'s stock experienced a decline of 15.5%, closing at $32.60. During this day, approximately 1,578,688 shares were traded, noticeably lower than the average volume of 2,276,472. Over the past year, Quantum's stock has fluctuated between a low of $2.22 and a high of $90.64. Currently, the company has a 50-day moving average of $26.82 and a 200-day moving average of $12.70.

Institutional Investments in Quantum

Recently, an institutional investor, Arkadios Wealth Advisors, has taken a new stake in Quantum Co. According to their latest 13F filing with the SEC, they acquired 8,642 shares, valued at around $466,000, during the fourth quarter. This new investment indicates a growing interest in Quantum, where about 63.66% of the stock is currently held by hedge funds and institutional investors.

Analysts’ Opinions on Quantum Stock

In related news, Northland Securities has reiterated a 'market perform' rating for Quantum stock, raising their price objective significantly to $5.00 from $0.25 in their research report issued on November 14th.

About Quantum Corporation

Quantum Corporation provides solutions for storing and managing digital video and unstructured data across various regions including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company specializes in high-performance enterprise storage software, video surveillance platforms, and asset management tools tailored for video, audio, and image files, serving diverse needs within the industry.

Stock, Sale, Investment