Charles M. Piluso Sells 3,390 Shares of Data Storage Co. (NASDAQ:DTST) Stock

Data Storage Co. (NASDAQ:DTST) CEO Charles M. Piluso sold 3,390 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $3.55, for a total value of $12,034.50. Following the completion of the sale, the chief executive officer now directly owns 392,243 shares in the company, valued at $1,392,462.65. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Data Storage Price Performance

Shares of NASDAQ:DTST opened at $3.58 on Thursday. The firm has a 50 day simple moving average of $3.92 and a 200 day simple moving average of $4.00. The company has a market cap of $25.11 million, a price-to-earnings ratio of 179.00 and a beta of 0.81. Data Storage Co. has a one year low of $3.24 and a one year high of $8.00.

Data Storage (NASDAQ:DTST) last announced its quarterly earnings results on Monday, March 31st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $6.41 million during the quarter, compared to analysts’ expectations of $6.20 million. Data Storage had a return on equity of 0.79% and a net margin of 0.64%.

Institutional Trading of Data Storage

A number of hedge funds have recently made changes to their positions in DTST. XTX Topco Ltd acquired a new position in shares of Data Storage in the third quarter valued at approximately $46,000. Hilltop Holdings Inc. bought a new position in shares of Data Storage during the third quarter valued at $73,000. LPL Financial LLC acquired a new position in shares of Data Storage during the fourth quarter worth $103,000. Dimensional Fund Advisors LP grew its stake in shares of Data Storage by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,654 shares of the company’s stock worth $138,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Perritt Capital Management Inc increased its holdings in Data Storage by 40.0% in the fourth quarter. Perritt Capital Management Inc now owns 35,000 shares of the company’s stock valued at $148,000 after purchasing an additional 10,000 shares during the period. 11.56% of the stock is owned by institutional investors and hedge funds.

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.