Data Storage (NASDAQ:DTST) CFO Sells $55,154.47 in Stock

Data Storage Corp. (NASDAQ:DTST) CFO Christos Panagiotakos sold 11,053 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $4.99, for a total transaction of $55,154.47. Following the sale, the chief financial officer directly owned 40,507 shares of the company’s stock, valued at $202,129.93. This represents a 21.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Data Storage Trading Down 0.6%

DTST opened at $5.00 on Monday. The stock has a market capitalization of $36.30 million, a P/E ratio of 2.34 and a beta of 1.13. Data Storage Corp. has a 12 month low of $2.93 and a 12 month high of $5.44. The firm’s fifty day simple moving average is $4.30 and its 200 day simple moving average is $4.25.

Data Storage (NASDAQ:DTST) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.16. The firm had revenue of $0.42 million for 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%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Data Storage in a research note on Wednesday, October 8th. Maxim Group lowered 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 shares of Data Storage from a “sell” rating to a “hold” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Data Storage has an average rating of “Sell”.

Institutional Investors Weigh In On Data Storage

An institutional investor recently raised its position in Data Storage stock. Dimensional Fund Advisors LP increased its stake in Data Storage Corp. (NASDAQ:DTST) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,574 shares of the company’s stock after buying an additional 4,920 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.52% of Data Storage worth $162,000 as of its most recent SEC filing. 11.56% of the stock is currently owned by institutional investors.

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.