Insider Selling: Data Storage (NASDAQ:DTST) Director Sells 18,231 Shares of Stock

by · The Markets Daily

Data Storage Corp. (NASDAQ:DTST – Get Free Report) Director Lawrence Maglione sold 18,231 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $5.00, for a total transaction of $91,155.00. Following the completion of the sale, the director directly owned 28,050 shares of the company’s stock, valued at $140,250. The trade was a 39.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Data Storage Stock Performance

Shares of NASDAQ:DTST traded up $0.02 during midday trading on Monday, hitting $5.02. 121,891 shares of the company’s stock traded hands, compared to its average volume of 134,398. The firm’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $4.26. Data Storage Corp. has a twelve month low of $2.93 and a twelve month high of $5.44. The company has a market cap of $36.45 million, a PE ratio of 2.35 and a beta of 1.13.

Data Storage (NASDAQ:DTST – Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $0.40 million.

Institutional Investors Weigh In On Data Storage

An institutional investor recently raised its position in Data Storage stock. Dimensional Fund Advisors LP grew its holdings in shares of Data Storage Corp. (NASDAQ:DTST – Free Report) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,574 shares of the company’s stock after buying an additional 4,920 shares during the quarter. Dimensional Fund Advisors LP owned 0.52% of Data Storage worth $162,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Data Storage from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. Finally, Maxim Group cut shares of Data Storage from a “buy” rating to a “hold” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Data Storage

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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