Data Storage (NASDAQ:DTST) CEO Charles Piluso Sells 20,089 Shares of Stock

Data Storage Corp. (NASDAQ:DTST) CEO Charles Piluso sold 20,089 shares of Data Storage stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $4.99, for a total value of $100,244.11. Following the transaction, the chief executive officer owned 413,291 shares of the company’s stock, valued at $2,062,322.09. The trade was a 4.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Data Storage Price Performance

Shares of NASDAQ:DTST opened at $5.00 on Friday. Data Storage Corp. has a 1-year low of $2.93 and a 1-year high of $5.44. The business has a fifty day moving average price of $4.30 and a 200-day moving average price of $4.24. The company has a market capitalization of $36.30 million, a PE ratio of 2.34 and a beta of 1.13.

Data Storage (NASDAQ:DTST) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.16. The firm had revenue of $0.42 million during the quarter, compared to analyst estimates of $0.40 million. Data Storage had a negative return on equity of 1.13% and a net margin of 81.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Maxim Group lowered shares of Data Storage from a “buy” rating to a “hold” rating in a report on Friday, September 19th. Wall Street Zen raised Data Storage from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Data Storage

An institutional investor recently bought a new position in Data Storage stock. Elevation Point Wealth Partners LLC purchased a new position in Data Storage Corp. (NASDAQ:DTST) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 43,100 shares of the company’s stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned 0.59% of Data Storage at the end of the most recent quarter. 11.56% of the stock is owned by institutional investors and hedge funds.

About Data Storage

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.