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

Digital Ally, Inc. (NASDAQ:KUST) major shareholder Financial Lp Hrt sold 54,638 shares of Digital Ally stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total transaction of $78,678.72. Following the sale, the insider owned 17,869 shares in the company, valued at approximately $25,731.36. This trade represents a 75.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares 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 bought 25,791 shares of Digital Ally stock. The stock was acquired at an average cost of $1.11 per share, for a total transaction of $28,628.01.

Digital Ally Price Performance

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Digital Ally in a research note on Wednesday. They set a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.