Charles Piluso Sells 32,610 Shares of Data Storage (NASDAQ:DTST) Stock

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

Data Storage Price Performance

Shares of NASDAQ DTST opened at $3.78 on Thursday. Data Storage Corp. has a fifty-two week low of $3.25 and a fifty-two week high of $5.44. The firm has a market capitalization of $8.20 million, a P/E ratio of -11.45 and a beta of 1.15. The company’s 50 day simple moving average is $4.00 and its 200 day simple moving average is $4.32.

Data Storage (NASDAQ:DTST) last issued its 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 company had revenue of $0.35 million during the quarter, compared to analysts’ expectations of $0.40 million. Data Storage had a net margin of 81.52% and a negative return on equity of 3.76%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Data Storage from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, April 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Data Storage

Several large investors have recently bought and sold shares of the company. Zacks Investment Management acquired a new stake in Data Storage in the fourth quarter worth $83,000. XTX Topco Ltd bought a new position in shares of Data Storage during the fourth quarter worth $134,000. FNY Investment Advisers LLC acquired a new position in shares of Data Storage in the 4th quarter valued at $137,000. Yakira Capital Management Inc. bought a new stake in shares of Data Storage in the 4th quarter valued at $175,000. Finally, Dimensional Fund Advisors LP raised its stake in Data Storage by 15.1% during the 3rd 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 during the period. Institutional investors 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. 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.