Data Storage Co. (NASDAQ:DTST) CEO Sells $12,034.50 in Stock

Data Storage Co. (NASDAQ:DTST) CEO Charles M. Piluso sold 3,390 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $3.55, for a total transaction of $12,034.50. Following the transaction, the chief executive officer now directly owns 392,243 shares in the company, valued at approximately $1,392,462.65. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Data Storage Trading Up 1.1 %

Shares of NASDAQ:DTST traded up $0.04 during trading on Tuesday, hitting $3.67. 19,325 shares of the stock were exchanged, compared to its average volume of 42,768. Data Storage Co. has a 12-month low of $3.24 and a 12-month high of $8.00. The company has a market cap of $25.74 million, a PE ratio of 183.50 and a beta of 0.81. The company has a fifty day moving average price of $3.96 and a two-hundred day moving average price of $4.00.

Data Storage (NASDAQ:DTST) last posted its earnings results on Monday, March 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Data Storage had a return on equity of 0.79% and a net margin of 0.64%. The company had revenue of $6.41 million for the quarter, compared to analyst estimates of $6.20 million.

Hedge Funds Weigh In On Data Storage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of Data Storage by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,654 shares of the company’s stock valued at $138,000 after purchasing an additional 4,061 shares during the last quarter. Perritt Capital Management Inc lifted its position in shares of Data Storage by 40.0% in the fourth quarter. Perritt Capital Management Inc now owns 35,000 shares of the company’s stock valued at $148,000 after acquiring an additional 10,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Data Storage during the third quarter valued at $46,000. Hilltop Holdings Inc. acquired a new position in Data Storage in the 3rd quarter valued at about $73,000. Finally, LPL Financial LLC purchased a new position in Data Storage in the 4th quarter valued at about $103,000. Institutional investors and hedge funds own 11.56% of the company’s stock.

Data Storage Company Profile

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.