Todd Correll Sells 10,471 Shares of Data Storage (NASDAQ:DTST) Stock

Data Storage Corp. (NASDAQ:DTST) Director Todd Correll sold 10,471 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $4.96, for a total value of $51,936.16. Following the completion of the sale, the director directly owned 33,540 shares in the company, valued at $166,358.40. The trade was a 23.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Data Storage Price Performance

NASDAQ:DTST traded up $0.02 during trading hours on Monday, hitting $5.02. The company had a trading volume of 121,891 shares, compared to its average volume of 134,398. Data Storage Corp. has a 52 week low of $2.93 and a 52 week high of $5.44. The company has a market capitalization of $36.45 million, a PE ratio of 2.35 and a beta of 1.13. The stock has a 50-day moving average price of $4.32 and a 200 day moving average price of $4.26.

Data Storage (NASDAQ:DTST) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.16. The business had revenue of $0.42 million for the quarter, compared to analyst estimates of $0.40 million. Data Storage had a net margin of 81.52% and a negative return on equity of 1.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DTST shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Data Storage in a research note on Wednesday, October 8th. Wall Street Zen upgraded Data Storage from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Maxim Group cut shares of Data Storage from a “buy” rating to a “hold” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Data Storage

An institutional investor recently raised its position in Data Storage stock. Dimensional Fund Advisors LP lifted its stake in Data Storage Corp. (NASDAQ:DTST) by 15.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,574 shares of the company’s stock after acquiring an additional 4,920 shares during the period. Dimensional Fund Advisors LP owned 0.52% of Data Storage worth $162,000 at the end of the most recent quarter. 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.