Quantum corp SVP Brian Cabrera sells shares totaling $72,512

In latest transactions disclosed by Quantum Corp (NASDAQ:QMCO), Brian E. Cabrera, the Senior Vice President, Chief Administrative Officer, and Secretary, offered shares of the corporate’s widespread inventory totaling $72,512. The gross sales occurred in two separate transactions.

On November 8, 2024, Cabrera offered 291 shares at a worth of $4.45 every. This transaction was a part of an automated sale to cowl tax withholding obligations associated to the vesting of restricted inventory models granted on November 1, 2021, and November 1, 2022.

A subsequent transaction on January 16, 2025, concerned the sale of 1,996 shares at $35.68 every. This sale was equally executed to cowl tax withholding obligations from restricted inventory models vested on January 1, 2024.

Following these transactions, Cabrera holds 27,940 shares of Quantum Corp. The corporate at present operates with a weak monetary well being rating in response to InvestingPro metrics, with important debt burden being a key concern.

In different latest information, Rigetti Computing noticed an increase in its shares following NVIDIA (NASDAQ:NVDA)’s Quantum Day announcement, sparking pleasure within the quantum computing sector. Nevertheless, the corporate’s shares later fell amid investor considerations about hovering valuations within the quantum computing sector. This shift in sentiment was highlighted by Citron Analysis’s vital commentary on the business and Quantum Computing Inc’s financials. Regardless of this, Quantum Company skilled a major improve in its shares following the announcement of a brand new parallel file system shopper for its Quantum Myriad all-flash file system, designed to boost NVIDIA GPUDirect Storage® capabilities.

In different developments, Quantum Company additionally launched a brand new GPU-optimized file system shopper for its Quantum Myriad all-flash file system. This shopper is predicted to maximise GPU efficiency by permitting direct knowledge transfers between storage and GPU reminiscence. The corporate additionally unveiled the Scalar i7 RAPTOR, a high-density tape storage system aimed toward assembly the rising wants of AI and cloud storage. Quantum Company’s latest monetary outcomes confirmed a 7% lower in year-over-year income, totaling $70.5 million, and an adjusted FY 2025 income outlook of $280 million. These are the latest developments for Rigetti Computing and Quantum Company.

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