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 firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.64, for a total value of $141,120.00. Following the transaction, the director directly owned 24,984 shares in the company, valued at approximately $440,717.76. The trade was a 24.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Stock Performance

Shares of OSS stock traded down $0.39 during mid-day trading on Tuesday, hitting $17.44. 1,654,318 shares of the stock were exchanged, compared to its average volume of 2,198,768. The stock’s fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $9.04. The stock 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, Inc. has a 12-month low of $2.51 and a 12-month high of $18.49.

One Stop Systems (NASDAQ:OSS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. The company had revenue of $8.07 million for the quarter, compared to analyst estimates of $6.98 million. One Stop Systems had a negative return on equity of 0.24% and a net margin of 12.44%. On average, research analysts expect that One Stop Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On One Stop Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in OSS. Smartleaf Asset Management LLC purchased a new position in shares of One Stop Systems during the fourth quarter worth about $29,000. Marex Group plc purchased a new position in shares of One Stop Systems during the second quarter worth about $36,000. FNY Investment Advisers LLC purchased a new position in shares of One Stop Systems during the fourth quarter worth about $46,000. Walleye Capital LLC purchased a new stake in One Stop Systems in the 2nd quarter valued at approximately $46,000. Finally, DNB Asset Management AS purchased a new stake in One Stop Systems in the 3rd quarter valued at approximately $83,000. Hedge funds and other institutional investors own 32.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OSS. Weiss Ratings raised One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 23rd. Alliance Global Partners reissued a “buy” rating on shares of One Stop Systems in a report on Wednesday, May 6th. Roth Mkm reissued a “buy” rating and set a $18.00 price target on shares of One Stop Systems in a report on Wednesday, May 6th. Zacks Research lowered One Stop Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Lake Street Capital raised their price target on One Stop Systems from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, One Stop Systems presently 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.