Datalink Corp (DTLK) Files Form 4 Insider Selling : Greg R Meland Sells 40,000 Shares

Datalink Corp (DTLK): Greg R Meland , director of Datalink Corp sold 40,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $7.97 per share for a total value of $318,980.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Greg R Meland (director) sold 8,386 shares at $7.94 per share price.On May 6, 2016, Denise Westenfield (VP, Controller, Chief Acct Off) sold 3,000 shares at $8.11 per share price.Also, On May 6, 2016, Gregory T Barnum (CFO) sold 10,000 shares at $8.03 per share price.On May 4, 2016, Paul F Lidsky (President & CEO) sold 84,000 shares at $8.03 per share price.

Datalink Corporation: On Friday, May 20, 2016 heightened volatility was witnessed in Datalink Corporation which led to swings in the share price. The shares opened for trading at $7.86 and hit $8.1 on the upside , eventually ending the session at $7.92, with a gain of 1.54% or 0.12 points. The heightened volatility saw the trading volume jump to 1,00,157 shares. The 52-week high of the share price is $9.616 and the company has a market cap of $178,826 M . The 52-week low of the share price is at $5.1.

Datalink Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Datalink Corporation is Downgraded by Craig Hallum to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 25, 2016.

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. The Company’s portfolio of solutions and services spans four practices: consolidation and virtualization data storage and protection advanced network infrastructures and business continuity and disaster recovery solutions. The Company offers a suite of consulting analysis design implementation management and support services. The Company’s physical laboratory enables customers to participate in physical demonstrations of a range of technologies including site-to-site replication data recovery wide area network (WAN) optimization de-duplication and virtual data center architectures.

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