Quantum Corp (OTCMKTS:QMCO) CEO Buys $408,000.00 in Stock

Quantum Corp (OTCMKTS:QMCO) CEO James J. Lerner purchased 80,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $5.10 per share, for a total transaction of $408,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of OTCMKTS:QMCO opened at $5.61 on Friday. The firm’s fifty day moving average is $3.39 and its 200-day moving average is $2.78. Quantum Corp has a 52 week low of $1.05 and a 52 week high of $5.72.

A number of brokerages have recently commented on QMCO. Lake Street Capital upgraded shares of Quantum from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, August 7th. Craig Hallum began coverage on shares of Quantum in a report on Wednesday, August 7th. They set a “buy” rating on the stock.

About Quantum

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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