Data Storage (NASDAQ:DTST) Director Thomas Kempster Sells 3,500 Shares

Data Storage Corp. (NASDAQ:DTST) Director Thomas Kempster sold 3,500 shares of Data Storage stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $2.92, for a total transaction of $10,220.00. Following the sale, the director owned 18,500 shares of the company’s stock, valued at approximately $54,020. The trade was a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Down 3.6%

Shares of DTST traded down $0.11 on Monday, reaching $2.93. The stock had a trading volume of 8,588 shares, compared to its average volume of 11,898. The firm has a market capitalization of $6.86 million, a PE ratio of -3.86 and a beta of 1.15. The firm has a 50-day moving average of $3.18 and a 200 day moving average of $3.60. Data Storage Corp. has a twelve month low of $2.85 and a twelve month high of $5.15.

Data Storage (NASDAQ:DTST) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.24). The firm had revenue of $0.36 million for the quarter, compared to analyst estimates of $0.40 million. Data Storage had a negative return on equity of 5.48% and a net margin of 1,247.09%.

Hedge Funds Weigh In On Data Storage

A hedge fund recently bought a new stake in Data Storage stock. Alpine Global Management LLC acquired a new stake in Data Storage Corp. (NASDAQ:DTST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $256,000. Alpine Global Management LLC owned approximately 0.69% of Data Storage as of its most recent SEC filing. Hedge funds and other institutional investors own 11.56% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Data Storage currently has a consensus rating of “Reduce”.

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.