Data Storage Corp director sells $10,237 in common stock

Data Storage Corp's director, Thomas Kempster, divested 3,500 shares of the company's common stock on September 11, 2026, amounting to a total of $10,237. The shares were traded at a weighted average price of $2.925, with individual prices fluctuating between $2.90 and $2.97 per share. This sale took place amid the stock's proximity to its 52-week low of $2.85, following a 27% drop over the last six months.

The transaction was executed to meet tax withholding obligations. Consequently, Mr. Kempster currently owns 18,500 shares of Data Storage Corp common stock directly. According to InvestingPro analysis, DTST appears overvalued at present. Investors seeking a comprehensive Pro Research Report for DTST and 1,400+ other US equities can find it accessible.

In related news, Data Storage Corporation disclosed its second-quarter 2026 financial results, revealing a revenue of $359,000 from continuing operations, marking a 9.3% increase from the prior year, but falling short of analysts' projection of $400,000. The company observed that gross profit surged faster than sales, resulting in margin improvements.

Nonetheless, escalating operating expenses resulted in a larger net loss for the quarter. Data Storage Corporation's primary focus is now on its Nexxis business, following the sale of CloudFirst last year. Although the company missed revenue targets, it did register substantial growth in its gross profit. These updates are part of a series of recent announcements from the company.

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