Datalink Corp. (DTLK) Shares Down 2.1%
Shares of Datalink Corp. (NASDAQ:DTLK) dropped 2.1% during trading on Monday . The stock traded as low as $9.98 and last traded at $10.05, with a volume of 107,690 shares traded. The stock had previously closed at $10.27.
DTLK has been the topic of several research reports. Needham & Company LLC reaffirmed 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 upgraded shares of Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, August 3rd.
The firm has a market capitalization of $223.54 million and a PE ratio of 29.62. The firm has a 50-day moving average of $9.16 and a 200-day moving average of $8.29.
Datalink Corp. (NASDAQ:DTLK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The business earned $199.20 million during the quarter, compared to the consensus estimate of $186.59 million. During the same quarter last year, the company earned $0.12 EPS. Analysts expect that Datalink Corp. will post $0.65 EPS for the current fiscal year.
In other news, Director Greg R. Meland sold 40,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $8.13, for a total value of $325,200.00. Following the transaction, the director now owns 1,268,550 shares in the company, valued at approximately $10,313,311.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg R. Meland sold 48,124 shares of the 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 transaction, the director now owns 1,220,426 shares in the company, 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.
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