Digital Ally (NASDAQ:KUST) Major Shareholder Financial Lp Hrt Buys 25,791 Shares of Stock

Digital Ally, Inc. (NASDAQ:KUST) major shareholder Financial Lp Hrt purchased 25,791 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $1.11 per share, for a total transaction of $28,628.01. Following the completion of the purchase, the insider directly owned 72,507 shares in the company, valued at $80,482.77. This represents a 55.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 1st, Financial Lp Hrt sold 54,638 shares of Digital Ally stock. The shares were sold at an average price of $1.44, for a total transaction of $78,678.72.

Digital Ally Trading Down 18.8%

NASDAQ KUST opened at $1.08 on Friday. Digital Ally, Inc. has a 1 year low of $0.85 and a 1 year high of $36.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on Digital Ally in a research report on Wednesday. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Digital Ally currently has a consensus rating of “Sell”.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.