Data Storage (NASDAQ:DTST) CEO Charles Piluso Sells 12,555 Shares

Posted by Brian Himes on May 27th, 2026

Data Storage Corp. (NASDAQ:DTST – Get Free Report) CEO Charles Piluso sold 12,555 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $3.91, for a total value of $49,090.05. Following the transaction, the chief executive officer owned 297,477 shares in the company, valued at approximately $1,163,135.07. This represents a 4.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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%

Shares of Data Storage stock opened at $3.84 on Wednesday. The firm has a market cap of $8.32 million, a P/E ratio of -11.64 and a beta of 1.15. Data Storage Corp. has a 12 month low of $3.25 and a 12 month high of $5.44. The stock’s fifty day moving average price is $4.00 and its 200-day moving average price is $4.32.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Data Storage from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, April 6th. Two analysts have 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 an average rating of “Reduce”.

Check Out Our Latest Report on Data Storage

Hedge Funds Weigh In On Data Storage

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew 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 during the last quarter. Zacks Investment Management acquired a new stake in Data Storage in the fourth quarter worth about $83,000. XTX Topco Ltd acquired a new stake in Data Storage in the fourth quarter worth about $134,000. FNY Investment Advisers LLC acquired a new stake in Data Storage in the fourth quarter worth about $137,000. Finally, Yakira Capital Management Inc. acquired a new stake in Data Storage in the fourth quarter worth about $175,000. Hedge funds and other institutional investors own 11.56% of the company’s stock.

Data Storage Company Profile

(Get Free Report)

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.