Qualstar Corporation (NASDAQ:QBAK) insider William J. Gervais sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $7.65, for a total value of $229,500.00. Following the sale, the insider now owns 170,558 shares in the company, valued at approximately $1,304,768.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Qualstar Corporation (QBAK) traded up $1.56 during mid-day trading on Friday, reaching $8.76. The company had a trading volume of 212,900 shares, compared to its average volume of 37,171.
An institutional investor recently raised its position in Qualstar Corporation stock. Wedbush Securities Inc. increased its position in shares of Qualstar Corporation (NASDAQ:QBAK) by 61.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,472 shares of the electronics maker’s stock after acquiring an additional 20,006 shares during the period. Wedbush Securities Inc. owned about 2.57% of Qualstar Corporation worth $269,000 at the end of the most recent reporting period. 14.20% of the stock is currently owned by institutional investors and hedge funds.
Qualstar Corporation Company Profile
Qualstar Corporation is a provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The Company’s segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies.
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