Shares of Qumu Corp. (NASDAQ:QUMU) gapped up prior to trading on Wednesday . The stock had previously closed at $3.46, but opened at $3.51. Qumu Corp. shares last traded at $3.58, with a volume of 16,827 shares trading hands.

Separately, Zacks Investment Research lowered Qumu Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th.

The company’s market capitalization is $32.33 million. The company has a 50 day moving average price of $4.51 and a 200 day moving average price of $4.16.

Qumu Corp. (NASDAQ:QUMU) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.05. During the same quarter in the previous year, the company earned ($1.08) earnings per share. The business had revenue of $8.70 million for the quarter, compared to analysts’ expectations of $8.35 million. The business’s quarterly revenue was up 45.0% on a year-over-year basis. On average, equities research analysts predict that Qumu Corp. will post ($1.16) earnings per share for the current fiscal year.

In other Qumu Corp. news, CEO Vern Hanzlik purchased 10,000 shares of the business’s stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $4.13 per share, for a total transaction of $41,300.00. Following the completion of the transaction, the chief executive officer now directly owns 82,819 shares in the company, valued at approximately $342,042.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. Qumu’s video platform supports both live and on-demand streaming. Its enterprise video content management software products are deployed primarily through the sale of software licenses, software on a server appliance, software-enabled devices and a cloud-based software-as-a-service (SaaS) platform.

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