Charles Piluso Sells 32,610 Shares of Data Storage (NASDAQ:DTST) Stock

Data Storage Corp. (NASDAQ:DTST) CEO Charles Piluso sold 32,610 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $3.82, for a total transaction of $124,570.20. Following the completion of the transaction, the chief executive officer owned 223,074 shares in the company, valued at approximately $852,142.68. The trade was a 12.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Data Storage Trading Up 1.9%

DTST stock traded up $0.07 during midday trading on Tuesday, hitting $3.84. The stock had a trading volume of 69,139 shares, compared to its average volume of 44,198. The firm has a market cap of $8.33 million, a P/E ratio of -11.64 and a beta of 1.15. Data Storage Corp. has a 1-year low of $3.25 and a 1-year high of $5.44. The business has a fifty day moving average price of $4.00 and a two-hundred day moving average price of $4.32.

Data Storage (NASDAQ:DTST) last released its earnings results on Friday, May 15th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.09. The business had revenue of $0.35 million for the quarter, compared to analyst estimates of $0.40 million. Data Storage had a net margin of 81.52% and a negative return on equity of 3.76%.

Institutional Investors Weigh In On Data Storage

Several hedge funds and other institutional investors have recently bought and sold shares of DTST. Zacks Investment Management bought a new stake in Data Storage in the fourth quarter valued at $83,000. XTX Topco Ltd bought a new stake in Data Storage in the fourth quarter valued at $134,000. FNY Investment Advisers LLC bought a new stake in Data Storage in the fourth quarter valued at $137,000. Dimensional Fund Advisors LP increased its stake in Data Storage by 15.1% in the third quarter. Dimensional Fund Advisors LP now owns 37,574 shares of the company’s stock valued at $162,000 after purchasing an additional 4,920 shares in the last quarter. Finally, Yakira Capital Management Inc. bought a new stake in Data Storage in the fourth quarter valued at $175,000. 11.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Data Storage from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, 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.