David George Bassett Sells 8,000 Shares of One Stop Systems (NASDAQ:OSS) Stock

One Stop Systems, Inc. (NASDAQ:OSS) Director David George Bassett sold 8,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.64, for a total transaction of $141,120.00. Following the completion of the sale, the director directly owned 24,984 shares in the company, valued at approximately $440,717.76. This represents a 24.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

One Stop Systems Stock Up 0.7%

NASDAQ OSS opened at $17.56 on Thursday. The company has a market capitalization of $434.43 million, a price-to-earnings ratio of 70.24 and a beta of 1.14. One Stop Systems, Inc. has a twelve month low of $2.68 and a twelve month high of $18.49. The stock has a fifty day simple moving average of $11.33 and a 200 day simple moving average of $9.21.

One Stop Systems (NASDAQ:OSS) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.06. One Stop Systems had a negative return on equity of 0.24% and a net margin of 12.44%.The firm had revenue of $8.07 million for the quarter, compared to the consensus estimate of $6.98 million. Research analysts expect that One Stop Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OSS has been the topic of several analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a report on Wednesday, May 6th. Lake Street Capital raised their price target on shares of One Stop Systems from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Weiss Ratings upgraded shares of One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $18.00 price objective on shares of One Stop Systems in a research note on Wednesday, May 6th. Finally, Zacks Research cut shares of One Stop Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Institutional Investors Weigh In On One Stop Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. bought a new stake in One Stop Systems during the 3rd quarter valued at $1,566,000. DNB Asset Management AS lifted its stake in shares of One Stop Systems by 883.4% in the fourth quarter. DNB Asset Management AS now owns 152,901 shares of the company’s stock valued at $1,098,000 after buying an additional 137,353 shares in the last quarter. Nkcfo LLC bought a new position in shares of One Stop Systems in the fourth quarter valued at $93,000. FNY Investment Advisers LLC acquired a new position in shares of One Stop Systems during the fourth quarter valued at about $46,000. Finally, Strait & Sound Wealth Management LLC acquired a new position in shares of One Stop Systems during the first quarter valued at about $84,000. Institutional investors and hedge funds own 32.67% of the company’s stock.

About One Stop Systems

One Stop Systems, Inc (NASDAQ: OSS) develops and manufactures high-performance computing and storage systems tailored for mission-critical and harsh-environment applications. The company’s solutions are designed to deliver accelerated processing, high-throughput data handling and reliability in confined or ruggedized form factors. OSS leverages advanced cooling, power management and custom enclosures to support demanding workloads in settings where off-the-shelf hardware may fall short.

The company’s product portfolio includes GPU-accelerated servers, embedded single-board computers, high-speed RAID storage arrays and integrated system solutions.