BidaskClub upgraded shares of Quantum Corporation (NYSE:QTM) from a hold rating to a buy rating in a report published on Monday, July 31st.
Separately, Zacks Investment Research downgraded Quantum Corporation from a buy rating to a hold rating in a report on Thursday, July 20th.
Shares of Quantum Corporation (NYSE:QTM) traded down 2.14% during trading on Monday, reaching $5.04. 364,376 shares of the company were exchanged. The company has a market capitalization of $173.74 million, a price-to-earnings ratio of 48.93 and a beta of 2.34. Quantum Corporation has a 1-year low of $0.58 and a 1-year high of $9.20. The stock’s 50 day moving average is $7.58 and its 200 day moving average is $5.15.
Quantum Corporation (NYSE:QTM) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $116.86 million for the quarter, compared to analysts’ expectations of $119.40 million. Quantum Corporation had a negative return on equity of 7.26% and a net margin of 0.64%. Quantum Corporation’s revenue was up .5% on a year-over-year basis. Equities analysts anticipate that Quantum Corporation will post $0.47 earnings per share for the current year.
In related news, VP Shawn D. Hall sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $7.82, for a total transaction of $78,200.00. Following the sale, the vice president now directly owns 158,344 shares in the company, valued at approximately $1,238,250.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Fuad Ahmad sold 17,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $8.46, for a total value of $143,820.00. Following the sale, the chief financial officer now owns 153,603 shares in the company, valued at $1,299,481.38. The disclosure for this sale can be found here. Insiders sold a total of 88,912 shares of company stock worth $727,222 over the last ninety days. Corporate insiders own 8.55% of the company’s stock.
A number of large investors have recently bought and sold shares of QTM. Russell Investments Group Ltd. purchased a new stake in shares of Quantum Corporation during the fourth quarter worth $699,000. FMR LLC raised its position in Quantum Corporation by 42.3% in the fourth quarter. FMR LLC now owns 3,410,665 shares of the technology company’s stock worth $2,838,000 after buying an additional 1,013,532 shares in the last quarter. Renaissance Technologies LLC raised its position in Quantum Corporation by 15.8% in the fourth quarter. Renaissance Technologies LLC now owns 6,330,952 shares of the technology company’s stock worth $5,268,000 after buying an additional 865,897 shares in the last quarter. Acadian Asset Management LLC raised its position in Quantum Corporation by 653.6% in the first quarter. Acadian Asset Management LLC now owns 387,178 shares of the technology company’s stock worth $337,000 after buying an additional 335,800 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Quantum Corporation by 86.0% in the first quarter. Wells Fargo & Company MN now owns 14,238,193 shares of the technology company’s stock worth $12,387,000 after buying an additional 6,584,382 shares in the last quarter.
Quantum Corporation Company Profile
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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