Data Storage (NASDAQ:DTST) CFO Sells $55,154.47 in Stock

by · The Cerbat Gem

Data Storage Corp. (NASDAQ:DTST – Get Free Report) CFO Christos Panagiotakos sold 11,053 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $4.99, for a total value of $55,154.47. Following the sale, the chief financial officer directly owned 40,507 shares in the company, valued at $202,129.93. This represents a 21.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Data Storage Trading Down 0.6%

Data Storage stock traded down $0.03 during trading on Friday, hitting $5.00. The company had a trading volume of 140,685 shares, compared to its average volume of 128,132. The stock has a market cap of $36.30 million, a price-to-earnings ratio of 2.34 and a beta of 1.13. Data Storage Corp. has a 1-year low of $2.93 and a 1-year high of $5.44. The company’s 50 day simple moving average is $4.30 and its 200-day simple moving average is $4.24.

Data Storage (NASDAQ:DTST – Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.02 earnings per share (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 firm had revenue of $0.42 million for the quarter, compared to analyst estimates of $0.40 million.

Hedge Funds Weigh In On Data Storage

A hedge fund recently bought a new stake in Data Storage stock. Elevation Point Wealth Partners LLC purchased a new position in shares of Data Storage Corp. (NASDAQ:DTST – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 43,100 shares of the company’s stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned about 0.59% of Data Storage as of its most recent SEC filing. 11.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DTST has been the topic of several research reports. Maxim Group downgraded shares of Data Storage from a “buy” rating to a “hold” rating in a report on Friday, September 19th. Wall Street Zen upgraded Data Storage from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Analysis on DTST

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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