Insider Selling: Data Storage (NASDAQ:DTST) CEO Sells $124,570.20 in Stock

Posted by Stanley Muller on May 29th, 2026

Data Storage Corp. (NASDAQ:DTST – Get Free Report) CEO Charles Piluso sold 32,610 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $3.82, for a total value of $124,570.20. Following the completion of the sale, the chief executive officer directly owned 223,074 shares of the company’s stock, valued at $852,142.68. This represents a 12.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Data Storage Price Performance

DTST opened at $3.72 on Friday. The business has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $4.32. The stock has a market capitalization of $8.07 million, a P/E ratio of -11.27 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.

Data Storage (NASDAQ:DTST – Get Free Report) last posted 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 business had revenue of $0.35 million during the quarter, compared to analysts’ expectations 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 raised Data Storage from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Data Storage presently has a consensus rating of “Reduce”.

Check Out Our Latest Stock Analysis on Data Storage

Hedge Funds Weigh In On Data Storage

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Data Storage by 15.1% during the third quarter. Dimensional Fund Advisors LP now owns 37,574 shares of the company’s stock worth $162,000 after buying an additional 4,920 shares in the last quarter. Zacks Investment Management purchased a new position in Data Storage during the fourth quarter worth $83,000. XTX Topco Ltd purchased a new position in Data Storage during the fourth quarter worth $134,000. FNY Investment Advisers LLC purchased a new position in Data Storage during the fourth quarter worth $137,000. Finally, Yakira Capital Management Inc. purchased a new position in Data Storage during the fourth quarter worth $175,000. Hedge funds and other institutional investors own 11.56% of the company’s stock.

About Data Storage

(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.