Data Storage (NASDAQ:DTST) Director Sells $34,161.54 in Stock

Data Storage Corp. (NASDAQ:DTST) Director Thomas Kempster sold 6,846 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $4.99, for a total transaction of $34,161.54. Following the transaction, the director directly owned 871,972 shares in the company, valued at approximately $4,351,140.28. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Data Storage Stock Performance

Shares of NASDAQ DTST opened at $5.00 on Monday. The stock has a 50 day moving average price of $4.30 and a 200 day moving average price of $4.25. The firm has a market capitalization of $36.30 million, a price-to-earnings ratio of 2.34 and a beta of 1.13. Data Storage Corp. has a 52-week low of $2.93 and a 52-week high of $5.44.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Data Storage stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Data Storage Corp. (NASDAQ:DTST) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,100 shares of the company’s stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned approximately 0.59% of Data Storage as of its most recent SEC filing. 11.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DTST. 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 upgraded Data Storage from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.