Key Points
- CEO Charles Piluso sold 20,089 shares on Dec. 10 at an average price of $4.99 for $100,244, reducing his stake by 4.64% to 413,291 shares (≈$2.06M).
- Data Storage trades near its one-year high/low of $5.44/$2.93 with a market capitalization of about $36.3M and a low PE of 2.34, while the 50- and 200-day moving averages are roughly $4.30 and $4.24.
- The analyst consensus on MarketBeat is a "Sell" (one Hold, two Sell), even as Elevation Point Wealth Partners bought a new 43,100-share stake (~0.59%) in Q3.
Data Storage Corp. (NASDAQ:DTST - Get Free Report) Director Thomas Kempster sold 6,846 shares of the company's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $4.99, for a total value of $34,161.54. Following the completion of the transaction, the director owned 871,972 shares of the company's stock, valued at $4,351,140.28. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Data Storage Trading Down 0.6%
Data Storage stock opened at $5.00 on Friday. The business's 50 day simple moving average is $4.30 and its 200 day simple moving average is $4.24. Data Storage Corp. has a 12 month low of $2.93 and a 12 month high of $5.44. The company has a market cap of $36.30 million, a price-to-earnings ratio of 2.34 and a beta of 1.13.
Data Storage (NASDAQ:DTST - Get Free Report) last posted its earnings results on Wednesday, November 19th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.16. The firm had revenue of $0.42 million during the quarter, compared to the consensus estimate of $0.40 million. Data Storage had a net margin of 81.52% and a negative return on equity of 1.13%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Data Storage in a research note on Wednesday, October 8th. Maxim Group cut shares of Data Storage from a "buy" rating to a "hold" rating in a research report on Friday, September 19th. Finally, Wall Street Zen raised shares of Data Storage from a "sell" rating to a "hold" rating in a report on Friday, November 28th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Data Storage has an average rating of "Sell".
Get Our Latest Analysis on DTST
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Data Storage stock. Elevation Point Wealth Partners LLC bought a new stake in shares of Data Storage Corp. (NASDAQ:DTST - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,100 shares of the company's stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned 0.59% of Data Storage at the end of the most recent reporting period. Institutional investors and hedge funds own 11.56% of the company's stock.
About Data Storage
(
Get Free Report)
Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.
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