Datalink Corp. (DTLK) Reaches New 12-Month High at $10.04
Shares of Datalink Corp. (NASDAQ:DTLK) hit a new 52-week high during trading on Tuesday . The company traded as high as $10.04 and last traded at $10.02, with a volume of 224,628 shares traded. The stock had previously closed at $9.78.
A number of brokerages have commented on DTLK. Zacks Investment Research cut Datalink Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price target on shares of Datalink Corp. in a research report on Sunday, May 1st.
The company has a market capitalization of $225.09 million and a price-to-earnings ratio of 29.38. The stock’s 50-day moving average is $8.24 and its 200 day moving average is $8.01.
Datalink Corp. (NASDAQ:DTLK) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $199.20 million for the quarter, compared to analysts’ expectations of $186.59 million. During the same period in the prior year, the company posted $0.12 EPS. Equities analysts expect that Datalink Corp. will post $0.65 earnings per share for the current year.
In other news, Director Greg R. Meland sold 48,124 shares of the company’s stock in a transaction 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 sale, the director now owns 1,220,426 shares of the company’s stock, valued at $9,885,450.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $420,195.60. Following the sale, the director now directly owns 1,320,426 shares in the company, valued at approximately $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 increased its position in Datalink Corp. (NASDAQ:DTLK) by 21.0% during the fourth quarter, according to its most recent 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 approximately 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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