Data Storage (NASDAQ:DTST) Director Sells $16,588.94 in Stock

Data Storage Corp. (NASDAQ:DTST) Director Lawrence Maglione sold 3,298 shares of Data Storage stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $5.03, for a total transaction of $16,588.94. Following the completion of the sale, the director owned 24,752 shares of the company’s stock, valued at approximately $124,502.56. The trade was a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Data Storage Price Performance

Data Storage stock opened at $5.01 on Thursday. The stock’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $4.27. Data Storage Corp. has a one year low of $2.93 and a one year high of $5.44. The firm has a market cap of $36.37 million, a PE ratio of 2.34 and a beta of 1.13.

Data Storage (NASDAQ:DTST) last released its earnings results on Wednesday, November 19th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.16. The firm had revenue of $0.42 million during the quarter, compared to the consensus estimate of $0.40 million. Data Storage had a negative return on equity of 1.13% and a net margin of 81.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DTST. Weiss Ratings restated a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. Maxim Group downgraded shares of Data Storage from a “buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Wall Street Zen upgraded Data Storage from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Data Storage presently has a consensus rating of “Sell”.

Institutional Trading of Data Storage

An institutional investor recently bought a new position in Data Storage stock. Elevation Point Wealth Partners LLC bought a new position in shares of Data Storage Corp. (NASDAQ:DTST) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 43,100 shares of the company’s stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned about 0.59% of Data Storage as of its most recent filing with the Securities & Exchange Commission. 11.56% of the stock is owned by hedge funds and other institutional investors.

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.