Insider Selling: Overland Storage CFO Unloads 2,129 Shares of Stock (OVRL)
Overland Storage (NASDAQ:OVRL) CFO Kurt Kalbfleisch unloaded 2,129 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $1.07, for a total transaction of $2,278.03. Following the completion of the transaction, the chief financial officer now directly owns 451,816 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Overland Storage (NASDAQ:OVRL) traded down 3.70% during mid-day trading 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 announced its earnings results 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 in the previous 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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