Insider Buying: Qumu Corp (NASDAQ:QUMU) Director Buys 10,000 Shares of Stock

Qumu Corp (NASDAQ:QUMU) Director Edward D. Horowitz purchased 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of $2.50 per share, with a total value of $25,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $25,000. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ:QUMU traded down $0.07 during midday trading on Tuesday, reaching $2.46. 1,176 shares of the company were exchanged, compared to its average volume of 41,507. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $3.02 and its two-hundred day moving average is $3.42. Qumu Corp has a one year low of $1.85 and a one year high of $4.78. The stock has a market cap of $25.76 million, a PE ratio of -2.56 and a beta of 0.27.

Qumu (NASDAQ:QUMU) last issued its earnings results on Thursday, October 31st. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.12. Qumu had a negative net margin of 18.14% and a negative return on equity of 59.67%. The firm had revenue of $6.67 million during the quarter. As a group, sell-side analysts expect that Qumu Corp will post -0.55 EPS for the current year.

A number of equities analysts have weighed in on QUMU shares. ValuEngine upgraded shares of Qumu from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 6th. Zacks Investment Research upgraded shares of Qumu from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st.

Several large investors have recently modified their holdings of QUMU. Vanguard Group Inc. raised its stake in Qumu by 135.4% during the second quarter. Vanguard Group Inc. now owns 250,994 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 144,375 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in Qumu during the second quarter valued at $433,000. Essex Investment Management Co. LLC purchased a new stake in Qumu during the third quarter valued at $302,000. Renaissance Technologies LLC raised its stake in Qumu by 12.4% during the second quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock valued at $3,176,000 after purchasing an additional 84,190 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Qumu by 8.5% during the second quarter. BlackRock Inc. now owns 294,765 shares of the technology company’s stock valued at $1,224,000 after purchasing an additional 23,021 shares in the last quarter. Hedge funds and other institutional investors own 35.29% of the company’s stock.

About Qumu

Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.

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