Insider Selling: Data Storage (NASDAQ:DTST) Director Sells 3,298 Shares of Stock

Data Storage Corp. (NASDAQ:DTST) Director Lawrence Maglione sold 3,298 shares of Data Storage stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $5.03, for a total value of $16,588.94. Following the completion of the sale, the director owned 24,752 shares of the company’s stock, valued at $124,502.56. The trade was a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Data Storage Stock Up 0.4%

Shares of Data Storage stock traded up $0.02 during trading hours on Monday, reaching $5.02. 121,891 shares of the stock traded hands, compared to its average volume of 134,398. Data Storage Corp. has a one year low of $2.93 and a one year high of $5.44. The firm has a market capitalization of $36.45 million, a price-to-earnings ratio of 2.35 and a beta of 1.13. The company has a 50 day moving average price of $4.32 and a 200 day moving average price of $4.26.

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

Analyst Ratings Changes

DTST has been the topic of several research reports. Wall Street Zen upgraded Data Storage from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Data Storage in a report on Wednesday, October 8th. Finally, Maxim Group lowered shares of Data Storage from a “buy” rating to a “hold” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock 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 acquired a new position in Data Storage Corp. (NASDAQ:DTST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,100 shares of the company’s stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned 0.59% of Data Storage as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 11.56% of the company’s stock.

Data Storage Company Profile

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.