Data Storage (NASDAQ:DTST) Director Thomas Kempster Sells 6,846 Shares of Stock

Data Storage Corp. (NASDAQ:DTST) Director Thomas Kempster sold 6,846 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $4.99, for a total transaction of $34,161.54. Following the completion of the sale, the director directly owned 871,972 shares of the company’s stock, valued at $4,351,140.28. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Data Storage Trading Down 0.6%

Shares of Data Storage stock opened at $5.00 on Friday. The stock’s fifty day simple moving average is $4.30 and its 200 day simple moving average is $4.24. The company has a market capitalization of $36.30 million, a PE ratio of 2.34 and a beta of 1.13. Data Storage Corp. has a 12 month low of $2.93 and a 12 month high of $5.44.

Data Storage (NASDAQ:DTST) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.16. The business had revenue of $0.42 million for the quarter, compared to analyst estimates of $0.40 million. Data Storage had a net margin of 81.52% and a negative return on equity of 1.13%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DTST shares. Maxim Group downgraded shares of Data Storage from a “buy” rating to a “hold” rating in a research note on Friday, September 19th. Wall Street Zen upgraded Data Storage from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Data Storage in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Data Storage

An institutional investor recently bought a new position in Data Storage stock. Elevation Point Wealth Partners LLC purchased a new stake in Data Storage Corp. (NASDAQ:DTST) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 43,100 shares of the company’s stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned approximately 0.59% of Data Storage as of its most recent SEC filing. Institutional investors and hedge funds own 11.56% of the company’s stock.

About Data Storage

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.