Shares of Datalink Corp. (NASDAQ:DTLK) dropped 1.5% on Monday . The stock traded as low as $7.76 and last traded at $8.11, with a volume of 50,755 shares changing hands. The stock had previously closed at $8.23.

DTLK has been the topic of several research reports. Zacks Investment Research raised Datalink Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price objective on shares of Datalink Corp. in a research report on Sunday, May 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $10.00 price objective on shares of Datalink Corp. in a research report on Wednesday, March 23rd.

The company has a 50 day moving average price of $8.01 and a 200-day moving average price of $7.80. The company has a market cap of $184.02 million and a PE ratio of 42.23.

Datalink Corp. (NASDAQ:DTLK) last announced its earnings results on Wednesday, April 27th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.05. The firm earned $164.60 million during the quarter, compared to analysts’ expectations of $176.40 million. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. Equities analysts anticipate that Datalink Corp. will post $0.59 EPS for the current year.

In related news, Director Greg R. Meland sold 48,124 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $8.10, for a total transaction of $389,804.40. Following the completion of the sale, the director now directly owns 1,220,426 shares of the company’s stock, valued at approximately $9,885,450.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg R. Meland sold 8,386 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $7.94, for a total value of $66,584.84. Following the sale, the director now directly owns 1,472,040 shares of the company’s stock, valued at $11,687,997.60. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Datalink Corp. stock. Paradigm Capital Management Inc. NY raised its position in Datalink Corp. (NASDAQ:DTLK) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 989,800 shares of the company’s stock after buying an additional 171,500 shares during the period. Paradigm Capital Management Inc. NY owned 4.26% of Datalink Corp. worth $6,730,000 at the end of the most recent quarter.

Datalink Corporation is engaged in accessing, designing, deploying, managing and supporting infrastructures, such as servers, storage and networks. The Company provides solutions and services to data centers for changing business needs. It leverages hardware and software from original equipment manufacturers (OEMs) as part of its data center optimization offerings.

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