Insider Selling: Eric Kelly Sells 2,400 Shares of Overland Storage Stock (OVRL)
Overland Storage (NASDAQ:OVRL) CEO Eric Kelly sold 2,400 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $1.07, for a total transaction of $2,568.00. Following the completion of the sale, the chief executive officer now directly owns 1,226,681 shares in the company. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Overland Storage (NASDAQ:OVRL) traded down 3.70% on Friday, hitting $1.04. 46,639 shares of the company’s stock traded hands. Overland Storage has a 52 week low of $0.91 and a 52 week high of $1.97. The stock has a 50-day moving average of $1.12 and a 200-day moving average of $1.14. The company’s market cap is $31.2 million.
Overland Storage (NASDAQ:OVRL) last released its earnings data on Wednesday, September 4th. The company reported ($0.18) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.16) by $0.02. The company had revenue of $12.10 million for the quarter, compared to the consensus estimate of $12.30 million. During the same quarter last year, the company posted ($0.10) earnings per share. Analysts expect that Overland Storage will post $-0.41 EPS for the current fiscal year.
Overland Storage, Inc (NASDAQ:OVRL) is a global provider of unified data management and data protection solutions designed to enable small and medium enterprises (SMEs), corporate departments, and small and medium businesses (SMBs) to anticipate and respond to change.
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