Apollon Wealth Management LLC Makes New Investment in Quantum Corporation $QMCO

Apollon Wealth Management LLC bought a new position in shares of Quantum Corporation (NASDAQ:QMCO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,714 shares of the company’s stock, valued at approximately $107,000.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management lifted its holdings in Quantum by 428,200.0% during the 1st quarter. Activest Wealth Management now owns 4,283 shares of the company’s stock worth $62,000 after buying an additional 4,282 shares during the last quarter. AlphaQuest LLC bought a new position in Quantum during the 1st quarter worth approximately $139,000. Virtu Financial LLC bought a new position in Quantum during the 1st quarter worth approximately $284,000. Finally, Allianz Asset Management GmbH lifted its holdings in Quantum by 87.8% during the 1st quarter. Allianz Asset Management GmbH now owns 962,127 shares of the company’s stock worth $13,835,000 after buying an additional 449,711 shares during the last quarter. Institutional investors own 63.66% of the company’s stock.

Quantum Price Performance

Shares of NASDAQ QMCO opened at $10.29 on Monday. Quantum Corporation has a 12-month low of $2.88 and a 12-month high of $90.64. The stock’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $9.85.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Wednesday, October 8th. Needham & Company LLC set a $20.00 price target on Quantum in a report on Monday, August 11th. Finally, Wall Street Zen downgraded Quantum from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.33.

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.