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Harold J. Schwartz, the President of Data Storage Corp (NASDAQ:DTST), recently sold shares of the company’s stock, according to a regulatory filing. The transaction involved the sale of 2,333 shares at a price of $3.83 per share, totaling approximately $8,935. This sale was conducted to satisfy tax withholding obligations, as indicated in the filing. The stock, currently trading at $3.71, appears undervalued according to InvestingPro analysis, which identifies several positive indicators including a strong balance sheet with more cash than debt.
Prior to this sale, on February 28, 2025, Schwartz converted 4,902 restricted stock units into common stock. These restricted stock units, granted on March 1, 2023, vest over a three-year period, with the first installment vesting on February 29, 2024. Following these transactions, Schwartz holds 862,887 shares of Data Storage Corp, demonstrating significant insider ownership in this $25.7 million market cap company.
Data Storage Corp is based in Melville, New York, and operates in the computer processing and data preparation services industry. The company maintains healthy financials with a current ratio of 4.81 and has been profitable over the last twelve months. Get deeper insights into DTST’s financial health and growth potential with a comprehensive Pro Research Report, available exclusively on InvestingPro.
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