Insider Selling: One Stop Systems (NASDAQ:OSS) Director Sells 8,000 Shares of Stock

One Stop Systems, Inc. (NASDAQ:OSS) Director Gregory Matz sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.52, for a total transaction of $140,160.00. Following the sale, the director directly owned 78,914 shares of the company’s stock, valued at approximately $1,382,573.28. This trade represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

One Stop Systems Stock Performance

One Stop Systems stock traded down $0.39 during trading on Tuesday, reaching $17.44. 1,654,318 shares of the company’s stock were exchanged, compared to its average volume of 2,198,768. The company’s 50-day moving average is $11.04 and its two-hundred day moving average is $9.04. One Stop Systems, Inc. has a 52-week low of $2.51 and a 52-week high of $18.49. The firm has a market cap of $431.47 million, a price-to-earnings 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, topping 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 firm had revenue of $8.07 million during the quarter, compared to analysts’ expectations of $6.98 million. Analysts anticipate that One Stop Systems, Inc. will post -0.08 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on OSS shares. Roth Mkm reaffirmed 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. Weiss Ratings raised shares of One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 23rd. Lake Street Capital upped their price objective 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. Finally, Alliance Global Partners reissued a “buy” rating on shares of One Stop Systems in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.00.

Hedge Funds Weigh In On One Stop Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in One Stop Systems by 129,005.6% in the 1st quarter. Bank of America Corp DE now owns 23,239 shares of the company’s stock valued at $176,000 after buying an additional 23,221 shares during the last quarter. Strait & Sound Wealth Management LLC purchased a new position in One Stop Systems in the 1st quarter valued at about $84,000. Sei Investments Co. boosted its position in One Stop Systems by 66.9% in the 1st quarter. Sei Investments Co. now owns 166,632 shares of the company’s stock valued at $1,261,000 after buying an additional 66,784 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in One Stop Systems in the 1st quarter valued at about $159,000. Finally, SG Americas Securities LLC acquired a new stake in shares of One Stop Systems in the 1st quarter valued at about $212,000. 32.67% of the stock is owned by hedge funds and other 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.