Data Storage (NASDAQ:DTST) Director Sells $10,220.00 in Stock

Data Storage Corp. (NASDAQ:DTST) Director Thomas Kempster sold 3,500 shares of Data Storage stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $2.92, for a total transaction of $10,220.00. Following the sale, the director owned 18,500 shares in the company, valued at approximately $54,020. The trade was a 15.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Data Storage Stock Performance

DTST stock opened at $2.86 on Thursday. The company’s fifty day moving average price is $3.16 and its 200-day moving average price is $3.58. Data Storage Corp. has a one year low of $2.82 and a one year high of $5.15. The company has a market capitalization of $6.69 million, a PE ratio of -3.76 and a beta of 1.15.

Data Storage (NASDAQ:DTST) last posted its earnings results on Friday, August 14th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.24). The company had revenue of $0.36 million for the quarter, compared to analysts’ expectations of $0.40 million. Data Storage had a net margin of 1,247.09% and a negative return on equity of 5.48%.

Institutional Trading of Data Storage

A hedge fund recently bought a new stake in Data Storage stock. Yakira Capital Management Inc. acquired a new position in shares of Data Storage Corp. (NASDAQ:DTST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,116 shares of the company’s stock, valued at approximately $175,000. Yakira Capital Management Inc. owned about 0.47% of Data Storage at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Data Storage has a consensus rating of “Reduce”.

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. 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.