UNICOM Systems Inc. Invests $4.06 Million in Quantum Co. (NASDAQ:QMCO)

UNICOM Systems Inc. acquired a new stake in shares of Quantum Co. (NASDAQ:QMCO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,237 shares of the company’s stock, valued at approximately $4,057,000. Quantum comprises 1.0% of UNICOM Systems Inc.’s portfolio, making the stock its 17th biggest holding. UNICOM Systems Inc. owned 1.55% of Quantum at the end of the most recent reporting period.

Separately, Flagship Harbor Advisors LLC purchased a new stake in shares of Quantum during the 4th quarter valued at about $226,000. 63.66% of the stock is owned by institutional investors and hedge funds.

Quantum Stock Up 0.5 %

NASDAQ QMCO opened at $19.00 on Tuesday. Quantum Co. has a 52 week low of $2.22 and a 52 week high of $90.64. The stock’s 50-day moving average price is $32.75 and its 200-day moving average price is $14.93.

Insider Buying and Selling

In other Quantum news, CFO Kenneth P. Gianella sold 1,279 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.53, for a total value of $27,536.87. Following the completion of the sale, the chief financial officer now owns 32,402 shares in the company, valued at approximately $697,615.06. This represents a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Henk Jan Spanjaard sold 935 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $33,360.80. Following the completion of the transaction, the executive now owns 14,903 shares in the company, valued at $531,739.04. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,208 shares of company stock valued at $274,764. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Lake Street Capital raised their price objective on shares of Quantum from $5.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Northland Securities lifted their price target on shares of Quantum from $5.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th.

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.