Key Points
- Data Storage CEO Charles Piluso sold 32,610 shares on May 26 at an average price of $3.82, generating about $124,570. The filing said the sale was made to cover tax withholding obligations tied to vesting equity awards.
- After the transaction, Piluso still owned 223,074 shares, valued at roughly $852,143, representing a 12.75% decrease in his stake.
- The company recently reported quarterly earnings of ($0.25) per share, beating estimates, though revenue of $0.35 million came in below expectations. DTST shares were trading near $3.84, with the stock down from its 52-week high of $5.44.
Data Storage Corp. (NASDAQ:DTST - Get Free Report) CEO Charles Piluso sold 12,555 shares of the firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $3.91, for a total value of $49,090.05. Following the completion of the sale, the chief executive officer directly owned 297,477 shares of the company's stock, valued at approximately $1,163,135.07. This represents a 4.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Data Storage Trading Up 1.9%
NASDAQ:DTST opened at $3.84 on Wednesday. Data Storage Corp. has a 12 month low of $3.25 and a 12 month high of $5.44. The firm has a fifty day simple moving average of $4.00 and a 200-day simple moving average of $4.32. The company has a market capitalization of $8.32 million, a P/E ratio of -11.64 and a beta of 1.15.
Data Storage (NASDAQ:DTST - Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.09. Data Storage had a negative return on equity of 3.76% and a net margin of 81.52%.The firm had revenue of $0.35 million for the quarter, compared to the consensus estimate of $0.40 million.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Data Storage from a "sell (d)" rating to a "hold (c)" rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce".
View Our Latest Analysis on Data Storage
Institutional Investors Weigh In On Data Storage
A number of large investors have recently bought and sold shares of DTST. Zacks Investment Management purchased a new stake in Data Storage in the fourth quarter valued at approximately $83,000. XTX Topco Ltd purchased a new stake in Data Storage in the fourth quarter valued at approximately $134,000. FNY Investment Advisers LLC purchased a new stake in Data Storage in the fourth quarter valued at approximately $137,000. Dimensional Fund Advisors LP boosted its position in Data Storage by 15.1% in the third quarter. Dimensional Fund Advisors LP now owns 37,574 shares of the company's stock valued at $162,000 after buying an additional 4,920 shares during the last quarter. Finally, Yakira Capital Management Inc. purchased a new stake in Data Storage in the fourth quarter valued at approximately $175,000. Hedge funds and other institutional investors 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. The company also provides data protection and recovery solutions, such as ezVault for offsite data protection; ezRecovery for fast data recovery; ezAvailability for real-time data replication with minimal recovery objectives; and ezMirror for data mirroring at the storage level.
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