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 2016-12-06.
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. 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.
A glance at Quantum Corp (NYSE:QTM)’s key stats reveals a current market capitalization of $253.14 million based on 271.18 million shares outstanding and a price at last close of $0.9220 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 518,746 shares at a sale price of $0.92. This brings their total holding to 3,066,390.
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.
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