Shares of Datalink Corp. (NASDAQ:DTLK) shot up 4.7% during trading on Friday . The company traded as high as $9.66 and last traded at $9.60, with a volume of 107,988 shares. The stock had previously closed at $9.17.

A number of brokerages have commented on DTLK. Needham & Company LLC reissued a “buy” rating and set a $9.00 price objective on shares of Datalink Corp. in a report on Sunday, May 1st. Zacks Investment Research lowered Datalink Corp. from a “hold” rating to a “sell” rating in a report on Monday, May 2nd.

The stock’s 50-day moving average is $8.09 and its 200-day moving average is $7.94. The firm has a market capitalization of $214.98 million and a P/E ratio of 28.06.

Datalink Corp. (NASDAQ:DTLK) last posted its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. During the same period in the previous year, the business earned $0.12 earnings per share. The business earned $199.20 million during the quarter, compared to the consensus estimate of $186.59 million. On average, equities research analysts anticipate that Datalink Corp. will post $0.65 EPS for the current year.

In other Datalink Corp. news, Director Greg R. Meland sold 8,386 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $7.94, for a total value of $66,584.84. Following the completion of the sale, the director now directly owns 1,472,040 shares in the company, valued at $11,687,997.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greg R. Meland sold 48,124 shares of the firm’s stock in a transaction dated 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 owns 1,220,426 shares of the company’s stock, valued at $9,885,450.60. 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 increased its stake in Datalink Corp. (NASDAQ:DTLK) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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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