Digital Ally (NASDAQ:KUST) Major Shareholder Financial Lp Hrt Sells 54,638 Shares of Stock

Digital Ally, Inc. (NASDAQ:KUST) major shareholder Financial Lp Hrt sold 54,638 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1.44, for a total value of $78,678.72. Following the sale, the insider owned 17,869 shares of the company’s stock, valued at approximately $25,731.36. The trade was a 75.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, June 30th, Financial Lp Hrt purchased 25,791 shares of Digital Ally stock. The stock was purchased at an average price of $1.11 per share, for a total transaction of $28,628.01.

Digital Ally Stock Down 18.8%

Shares of KUST stock opened at $1.08 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. Digital Ally, Inc. has a 12 month low of $0.85 and a 12 month high of $36.90.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of Digital Ally in a research report on Wednesday. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Digital Ally

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.