Data Storage (NASDAQ:DTST) Director Lawrence Maglione Sells 3,298 Shares

Data Storage Corp. (NASDAQ:DTST) Director Lawrence Maglione sold 3,298 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $5.03, for a total transaction of $16,588.94. Following the completion of the sale, the director directly owned 24,752 shares of the company’s stock, valued at approximately $124,502.56. This trade represents a 11.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Data Storage Stock Performance

Shares of DTST opened at $5.02 on Tuesday. The company has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.26. The firm has a market capitalization of $36.45 million, a P/E ratio of 2.35 and a beta of 1.13. Data Storage Corp. has a 52 week low of $2.93 and a 52 week high of $5.44.

Data Storage (NASDAQ:DTST) last issued 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 analyst estimates of $0.40 million. Data Storage had a negative return on equity of 1.13% and a net margin of 81.52%.

Institutional Trading of Data Storage

A hedge fund recently raised its stake in Data Storage stock. Dimensional Fund Advisors LP raised its stake in Data Storage Corp. (NASDAQ:DTST) by 15.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,574 shares of the company’s stock after acquiring an additional 4,920 shares during the period. Dimensional Fund Advisors LP owned about 0.52% of Data Storage worth $162,000 as of its most recent SEC filing. Institutional investors own 11.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DTST shares. 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 report on Friday, September 19th. Finally, Wall Street Zen raised shares of Data Storage from a “sell” rating to a “hold” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Data Storage currently has a consensus rating of “Sell”.

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.