Apollon Wealth Management LLC Takes Position in Quantum Corporation $QMCO

Apollon Wealth Management LLC acquired a new position in shares of Quantum Corporation (NASDAQ:QMCO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,714 shares of the company’s stock, valued at approximately $107,000. Apollon Wealth Management LLC owned 0.15% of Quantum at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in Quantum by 428,200.0% during the first quarter. Activest Wealth Management now owns 4,283 shares of the company’s stock worth $62,000 after acquiring an additional 4,282 shares during the period. AlphaQuest LLC acquired a new position in Quantum during the first quarter worth $139,000. Virtu Financial LLC acquired a new position in Quantum during the first quarter worth $284,000. Finally, Allianz Asset Management GmbH grew its holdings in Quantum by 87.8% during the first quarter. Allianz Asset Management GmbH now owns 962,127 shares of the company’s stock worth $13,835,000 after acquiring an additional 449,711 shares during the period. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Trading Down 8.0%

QMCO stock opened at $10.29 on Monday. Quantum Corporation has a 1 year low of $2.88 and a 1 year high of $90.64. The stock has a 50-day simple moving average of $9.14 and a 200-day simple moving average of $9.85.

Wall Street Analysts Forecast Growth

QMCO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Quantum from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Needham & Company LLC set a $20.00 price objective on Quantum in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.33.

Quantum Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.