Insider Selling: One Stop Systems (NASDAQ:OSS) Director Sells 5,000 Shares of Stock

One Stop Systems, Inc. (NASDAQ:OSS) Director Mitchell Herbets sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.62, for a total transaction of $88,100.00. Following the transaction, the director owned 48,984 shares in the company, valued at $863,098.08. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

One Stop Systems Price Performance

NASDAQ OSS traded down $0.39 on Tuesday, reaching $17.44. 1,654,318 shares of the company’s stock traded hands, compared to its average volume of 2,198,768. One Stop Systems, Inc. has a 12 month low of $2.51 and a 12 month high of $18.49. The stock has a 50-day simple moving average of $11.04 and a 200 day simple moving average of $9.04. The stock has a market cap of $431.47 million, a PE ratio of 69.76 and a beta of 1.14.

One Stop Systems (NASDAQ:OSS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. One Stop Systems had a net margin of 12.44% and a negative return on equity of 0.24%. The business had revenue of $8.07 million for the quarter, compared to analysts’ expectations of $6.98 million. As a group, analysts anticipate that One Stop Systems, Inc. will post -0.08 EPS for the current year.

Institutional Trading of One Stop Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSS. Smartleaf Asset Management LLC purchased a new stake in One Stop Systems in the fourth quarter worth $29,000. Marex Group plc purchased a new stake in One Stop Systems in the second quarter worth $36,000. FNY Investment Advisers LLC purchased a new stake in One Stop Systems in the fourth quarter worth $46,000. Walleye Capital LLC purchased a new stake in One Stop Systems in the second quarter worth $46,000. Finally, DNB Asset Management AS purchased a new stake in One Stop Systems in the third quarter worth $83,000. Hedge funds and other institutional investors own 32.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on OSS shares. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a research report on Wednesday, May 6th. Lake Street Capital increased their price target on shares of One Stop Systems from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Roth Mkm reiterated a “buy” rating and set a $18.00 price target on shares of One Stop Systems in a research report on Wednesday, May 6th. 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. Finally, 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.00.

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.