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

One Stop Systems, Inc. (NASDAQ:OSS) Director David George Bassett sold 8,000 shares of One Stop Systems stock in a transaction that occurred 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 directly owned 24,984 shares in the company, valued at $440,717.76. This represents a 24.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

One Stop Systems Stock Performance

OSS traded down $0.39 during trading on Tuesday, reaching $17.44. The company’s stock had a trading volume of 1,654,318 shares, compared to its average volume of 2,198,768. One Stop Systems, Inc. has a 52-week low of $2.51 and a 52-week high of $18.49. The company’s fifty day moving average price is $11.04 and its 200-day moving average price is $9.04. The company has a market capitalization 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 data 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. One Stop Systems had a negative return on equity of 0.24% and a net margin of 12.44%.The company had revenue of $8.07 million for the quarter, compared to analyst estimates of $6.98 million. Equities analysts predict that One Stop Systems, Inc. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On One Stop Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OSS. Smartleaf Asset Management LLC acquired a new stake in shares of One Stop Systems during the 4th quarter valued at approximately $29,000. Marex Group plc acquired a new stake in shares of One Stop Systems during the 2nd quarter valued at approximately $36,000. FNY Investment Advisers LLC acquired a new stake in shares of One Stop Systems during the 4th quarter valued at approximately $46,000. Walleye Capital LLC acquired a new stake in shares of One Stop Systems during the 2nd quarter valued at approximately $46,000. Finally, DNB Asset Management AS acquired a new stake in shares of One Stop Systems during the 3rd quarter valued at approximately $83,000. 32.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OSS shares. Lake Street Capital lifted their price objective on One Stop Systems from $9.00 to $12.00 and gave the company 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 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, Zacks Research downgraded shares of One Stop Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.