Data Storage Corp. (NASDAQ:DTST – Get Free Report) Director Clifford Stein sold 3,991 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $3.05, for a total value of $12,172.55. Following the completion of the sale, the director owned 18,009 shares of the company’s stock, valued at $54,927.45. The trade was a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Data Storage Stock Up 1.7%
Shares of Data Storage stock opened at $3.04 on Friday. Data Storage Corp. has a 12 month low of $2.85 and a 12 month high of $5.15. The stock has a market cap of $7.11 million, a PE ratio of -4.00 and a beta of 1.15. The business has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $3.61.
Data Storage (NASDAQ:DTST – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.24). The business had revenue of $0.36 million for the quarter, compared to analyst estimates of $0.40 million. Data Storage had a net margin of 1,247.09% and a negative return on equity of 5.48%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.
Read Our Latest Stock Report on Data Storage
About Data Storage
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.
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