Financial Lp Hrt Purchases 25,791 Shares of Digital Ally (NASDAQ:KUST) Stock

Digital Ally, Inc. (NASDAQ:KUST) major shareholder Financial Lp Hrt acquired 25,791 shares of Digital Ally stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $1.11 per share, for a total transaction of $28,628.01. Following the purchase, the insider directly owned 72,507 shares in the company, valued at $80,482.77. The trade was a 55.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% 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 Wednesday, July 1st, Financial Lp Hrt sold 54,638 shares of Digital Ally stock. The shares were sold at an average price of $1.44, for a total transaction of $78,678.72.

Digital Ally Stock Performance

Shares of NASDAQ:KUST opened at $1.08 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. Digital Ally, Inc. has a 52 week low of $0.85 and a 52 week high of $36.90.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Digital Ally in a research report on Wednesday. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Digital Ally currently has a consensus 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.