Quantum Corp (OTCMKTS:QMCO) CFO Buys $509,000.00 in Stock

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Quantum Corp (OTCMKTS:QMCO) CFO J Michael Dodson purchased 100,000 shares of Quantum stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $5.09 per share, for a total transaction of $509,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OTCMKTS QMCO opened at $5.61 on Friday. The stock’s fifty day moving average price is $3.39 and its 200 day moving average price is $2.78. Quantum Corp has a 1 year low of $1.05 and a 1 year high of $5.72.

Several equities analysts recently issued reports on the company. Craig Hallum assumed coverage on Quantum in a research report on Wednesday, August 7th. They issued a “buy” rating on the stock. Lake Street Capital raised Quantum from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, August 7th.

Quantum Company Profile

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.

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