Key Points
- Director Todd Correll sold 10,471 shares on December 11 at an average price of $4.96 for about $51,936, reducing his stake by 23.79% to 33,540 shares (valued ~ $166,358).
- Data Storage has a market cap of $36.45 million and a P/E of 2.35, with the stock near $5 (52‑week range $2.93–$5.44); the company reported quarterly EPS of $0.02 beating estimates of ($0.14) on $0.42 million in revenue.
- The consensus from analysts is a "Sell" (one Hold, two Sell), while institutional activity includes Elevation Point Wealth Partners buying 43,100 shares (~0.59% ownership); total institutional ownership stands at 11.56%.
Data Storage Corp. (NASDAQ:DTST - Get Free Report) Director Lawrence Maglione sold 3,298 shares of the business's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $5.03, for a total transaction of $16,588.94. Following the completion of the transaction, the director owned 24,752 shares in the company, valued at approximately $124,502.56. This trade represents a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Data Storage Trading Up 0.4%
NASDAQ DTST opened at $5.02 on Tuesday. Data Storage Corp. has a 1-year low of $2.93 and a 1-year high of $5.44. The company has a 50 day moving average of $4.32 and a 200-day moving average of $4.26. The firm has a market cap of $36.45 million, a price-to-earnings ratio of 2.35 and a beta of 1.13.
Data Storage (NASDAQ:DTST - Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.16. Data Storage had a negative return on equity of 1.13% and a net margin of 81.52%.The business had revenue of $0.42 million for the quarter, compared to analyst estimates of $0.40 million.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on DTST. Weiss Ratings restated a "sell (d)" rating on shares of Data Storage in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Data Storage from a "sell" rating to a "hold" rating in a research report on Friday, November 28th. Finally, Maxim Group downgraded shares of Data Storage from a "buy" rating to a "hold" rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Sell".
Check Out Our Latest Analysis on DTST
Hedge Funds Weigh In On Data Storage
An institutional investor recently raised its position in Data Storage stock. Dimensional Fund Advisors LP increased its position in Data Storage Corp. (NASDAQ:DTST - Free Report) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,574 shares of the company's stock after purchasing an additional 4,920 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.52% of Data Storage worth $162,000 as of its most recent SEC filing. Institutional investors own 11.56% of the company's stock.
Data Storage Company Profile
(
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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