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 company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.62, for a total value of $88,100.00. Following the sale, the director owned 48,984 shares in the company, valued at approximately $863,098.08. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

One Stop Systems Price Performance

Shares of OSS traded down $0.39 during midday trading on Tuesday, hitting $17.44. 1,654,318 shares of the company traded hands, compared to its average volume of 2,198,768. The stock has a 50-day moving average of $11.04 and a 200-day moving average of $9.04. One Stop Systems, Inc. has a one year low of $2.51 and a one year high of $18.49. The firm has a market cap of $431.47 million, a P/E ratio of 69.76 and a beta of 1.14.

One Stop Systems (NASDAQ:OSS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating 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 analysts’ expectations of $6.98 million. Sell-side analysts forecast that One Stop Systems, Inc. will post -0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC bought a new position in shares of One Stop Systems in the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new position in shares of One Stop Systems in the fourth quarter worth approximately $46,000. Marex Group plc bought a new position in shares of One Stop Systems in the second quarter worth approximately $36,000. Strait & Sound Wealth Management LLC bought a new position in shares of One Stop Systems in the first quarter worth approximately $84,000. Finally, Savant Capital LLC bought a new position in shares of One Stop Systems in the fourth quarter worth approximately $87,000. 32.67% of the stock is currently owned by institutional investors.

One Stop Systems Company Profile

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.