Insider Selling: One Stop Systems (NASDAQ:OSS) Director Sells $141,120.00 in 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 shares were sold at an average price of $17.64, for a total value of $141,120.00. Following the completion of the sale, the director owned 24,984 shares of the company’s stock, valued at $440,717.76. This trade represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

One Stop Systems Stock Performance

NASDAQ:OSS opened at $17.91 on Friday. The stock has a fifty day moving average price of $11.47 and a 200-day moving average price of $9.30. The company has a market cap of $443.09 million, a price-to-earnings ratio of 71.64 and a beta of 1.14. One Stop Systems, Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $18.49.

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

Hedge Funds Weigh In On One Stop Systems

Institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in One Stop Systems in the 4th quarter worth about $29,000. FNY Investment Advisers LLC acquired a new position in One Stop Systems in the 4th quarter worth about $46,000. Marex Group plc acquired a new position in One Stop Systems in the 2nd quarter worth about $36,000. Strait & Sound Wealth Management LLC acquired a new position in One Stop Systems in the 1st quarter worth about $84,000. Finally, Savant Capital LLC acquired a new position in One Stop Systems in the 4th quarter worth about $87,000. Institutional investors and hedge funds own 32.67% of the company’s stock.

Wall Street Analysts Forecast Growth

OSS has been the subject of a number of recent analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a research report on Wednesday, May 6th. Lake Street Capital upped their price objective on One Stop Systems from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. 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 restated a “buy” rating and set a $18.00 price objective on shares of One Stop Systems in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded One Stop Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, One Stop Systems has an average rating of “Moderate Buy” and an average target price 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.