Guess Who Picked Up Quantum Corp (NYSE:QTM) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Guess Who Picked Castlight Health Inc. (NYSE:CSLT) S...
International Isotopes Inc. (OTCBB:INIS) is Attracti...
BELLUS Health Inc. (Nasdaq:BLU; TSX:BLU) announces 2...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Quantum Corp (NYSE:QTM) reported that Viex Capital Advisors, Llc. has picked up 7,407,865 of common stock as of 2017-03-03.

The acquisition brings the aggregate amount owned by Viex Capital Advisors, Llc. to a total of 7,407,865 representing a 2.7% stake in the company.

For those not familiar with the company, 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. It works with a network of distributors, value-added resellers (VARs), direct marketing resellers (DMRs), original equipment manufacturers (OEMs) and other suppliers to meet customers’ evolving needs. Its scale-out storage portfolio includes StorNext software, appliances and full systems called StorNext Pro Solutions, as well as Xcellis workflow storage, QXS disk storage, Lattus extended online storage and Q-Cloud Archive and Vault services. Its StorNext offerings enable customers to manage large unstructured data sets in an information workflow.

A glance at Quantum Corp (NYSE:QTM)’s key stats reveals a current market capitalization of 258.63 Million based on 271.32 Million shares outstanding and a price at last close of $0.947 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-11-20, Stedman picked up 621 at a purchase price of $0.88. This brings their total holding to 406,590 as of the date of the filing.

On the sell side, the most recent transaction saw Smith unload 1,416,577 shares at a sale price of $0.91. This brings their total holding to 1,500,174.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Quantum Corp (NYSE:QTM) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

Stay in the lopp :

Seafarer Exploration (OTCMKTS:SFRX) Making Mo...

One of the stocks that have made significant momentum this week is that of Seafarer Exploration Corp (OTCMKTS:SFRX) after it

Healthier Choices Management Corp (OTCMKTS:HC...

Although the market was largely flat on Monday, the Healthier Choices Management Corp stock emerged as one of the few exceptions. Investors flocked

SALTW Stock Price is so consistent, can it go...

Satellogic Inc. SATLW stock price is up 30% in the last 5 days & volume is up 80%, but is it

related post

Skip to content