Insider Buying: Digital Ally (NASDAQ:KUST) Major Shareholder Acquires $28,628.01 in Stock

Digital Ally, Inc. (NASDAQ:KUSTGet Free Report) major shareholder Financial Lp Hrt acquired 25,791 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $1.11 per share, for a total transaction of $28,628.01. Following the purchase, the insider directly owned 72,507 shares of the company’s stock, valued at $80,482.77. This represents a 55.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $1.44, for a total value of $78,678.72.

Digital Ally Stock Performance

Shares of KUST opened at $1.08 on Friday. The company has a market capitalization of $680,400.00, a PE ratio of -0.02 and a beta of 1.35. The company has a quick ratio of 0.77, a current ratio of 0.99 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.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on Digital Ally

Digital Ally Company Profile

(Get Free Report)

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.

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