Datalink Corp. (DTLK) Hits New 12-Month High at $9.68
Datalink Corp. (NASDAQ:DTLK) reached a new 52-week high on Wednesday . The stock traded as high as $9.68 and last traded at $9.51, with a volume of 81,989 shares. The stock had previously closed at $9.36.
DTLK has been the subject of several research analyst reports. Zacks Investment Research raised shares of 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 issued a $9.00 price target on shares of Datalink Corp. in a report on Sunday, May 1st.
The company’s 50-day moving average is $8.02 and its 200-day moving average is $7.92. The firm has a market capitalization of $217.23 million and a price-to-earnings ratio of 28.36.
Datalink Corp. (NASDAQ:DTLK) last posted its earnings results on Thursday, July 28th. The company reported $0.18 EPS 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 period in the prior year, the firm earned $0.12 earnings per share. On average, equities research analysts anticipate that Datalink Corp. will post $0.65 earnings per share for the current fiscal year.
In related news, Director Greg R. Meland sold 40,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $8.07, for a total transaction of $322,800.00. Following the completion of the sale, the director now directly owns 15,000,426 shares of the company’s stock, valued at approximately $121,053,437.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Greg R. Meland sold 51,876 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $8.10, for a total transaction of $420,195.60. Following the sale, the director now directly owns 1,320,426 shares of the company’s stock, valued at $10,695,450.60. 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 boosted 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. 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 approximately 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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