Data Storage (NASDAQ:DTST) CEO Sells $49,090.05 in Stock

by · The Cerbat Gem

Data Storage Corp. (NASDAQ:DTST – Get Free Report) CEO Charles Piluso sold 12,555 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $3.91, for a total transaction of $49,090.05. Following the transaction, the chief executive officer owned 297,477 shares of the company’s stock, valued at $1,163,135.07. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Data Storage Price Performance

NASDAQ DTST traded up $0.07 during trading hours on Tuesday, hitting $3.84. 69,139 shares of the company’s stock traded hands, compared to its average volume of 44,198. Data Storage Corp. has a 52-week low of $3.25 and a 52-week high of $5.44. The company has a market capitalization of $8.33 million, a PE ratio of -11.64 and a beta of 1.15. The firm’s 50-day moving average is $4.00 and its 200-day moving average is $4.32.

Data Storage (NASDAQ:DTST – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.09. Data Storage had a net margin of 81.52% and a negative return on equity of 3.76%. The business had revenue of $0.35 million during the quarter, compared to analysts’ expectations of $0.40 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Data Storage from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Research Report on Data Storage

Hedge Funds Weigh In On Data Storage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zacks Investment Management purchased a new stake in Data Storage in the fourth quarter valued at approximately $83,000. XTX Topco Ltd acquired a new stake in shares of Data Storage during the fourth quarter worth $134,000. FNY Investment Advisers LLC bought a new stake in shares of Data Storage during the 4th quarter valued at about $137,000. Dimensional Fund Advisors LP grew its position in shares of Data Storage by 15.1% during the third quarter. Dimensional Fund Advisors LP now owns 37,574 shares of the company’s stock worth $162,000 after acquiring an additional 4,920 shares during the last quarter. Finally, Yakira Capital Management Inc. bought a new position in shares of Data Storage during the fourth quarter worth about $175,000. Institutional investors and hedge funds 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. 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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