Digital Ally (NASDAQ:KUST) Major Shareholder Sells $78,678.72 in Stock

Digital Ally, Inc. (NASDAQ:KUST) major shareholder Financial Lp Hrt sold 54,638 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the completion of the transaction, the insider directly owned 17,869 shares in the company, valued at $25,731.36. This trade represents a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, June 30th, Financial Lp Hrt acquired 25,791 shares of Digital Ally stock. The shares were bought at an average price of $1.11 per share, for a total transaction of $28,628.01.

Digital Ally Price Performance

Shares of NASDAQ KUST opened at $1.08 on Friday. Digital Ally, Inc. has a 1-year low of $0.85 and a 1-year high of $36.90. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $680,400.00, a PE ratio of -0.02 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Digital Ally in a research report on Wednesday. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Digital Ally presently has a consensus rating of “Sell”.

About Digital Ally

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.