Datalink Corp. (DTLK) Shares Up 3.6%
Datalink Corp. (NASDAQ:DTLK)’s share price shot up 3.6% during trading on Thursday . The stock traded as high as $10.47 and last traded at $10.42, with a volume of 104,588 shares changing hands. The stock had previously closed at $10.06.
Several brokerages have recently commented on DTLK. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Datalink Corp. in a research report on Sunday, May 1st. Zacks Investment Research downgraded Datalink Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd.
The company has a 50 day moving average price of $8.72 and a 200-day moving average price of $8.16. The stock has a market cap of $229.52 million and a P/E ratio of 30.41.
Datalink Corp. (NASDAQ:DTLK) last issued its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. During the same quarter last year, the business earned $0.12 EPS. The firm earned $199.20 million during the quarter, compared to analysts’ expectations of $186.59 million. Analysts anticipate that Datalink Corp. will post $0.65 EPS for the current fiscal year.
In related news, Director Greg R. Meland sold 40,000 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $7.97, for a total value of $318,800.00. Following the completion of the transaction, the director now owns 1,432,040 shares in the company, valued at approximately $11,413,358.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg R. Meland sold 48,124 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $8.10, for a total value of $389,804.40. Following the completion of the transaction, the director now owns 1,220,426 shares of the company’s stock, valued at approximately $9,885,450.60. The disclosure for this sale can be found here.
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.