Mitchell Herbets Sells 5,000 Shares of One Stop Systems (NASDAQ:OSS) Stock

One Stop Systems, Inc. (NASDAQ:OSS) Director Mitchell Herbets sold 5,000 shares of One Stop Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.62, for a total value of $88,100.00. Following the transaction, the director owned 48,984 shares of the company’s stock, valued at approximately $863,098.08. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

One Stop Systems Trading Up 0.7%

Shares of NASDAQ:OSS opened at $17.56 on Thursday. One Stop Systems, Inc. has a 12-month low of $2.68 and a 12-month high of $18.49. The business has a 50 day moving average of $11.33 and a two-hundred day moving average of $9.21. The company has a market capitalization of $434.43 million, a PE ratio of 70.24 and a beta of 1.14.

One Stop Systems (NASDAQ:OSS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The business had revenue of $8.07 million for the quarter, compared to analysts’ expectations of $6.98 million. One Stop Systems had a net margin of 12.44% and a negative return on equity of 0.24%. Equities research analysts predict 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. acquired a new stake in shares of One Stop Systems in the third quarter valued at about $1,566,000. DNB Asset Management AS raised its stake in One Stop Systems by 883.4% in the 4th quarter. DNB Asset Management AS now owns 152,901 shares of the company’s stock valued at $1,098,000 after purchasing an additional 137,353 shares during the last quarter. Nkcfo LLC acquired a new stake in shares of One Stop Systems in the fourth quarter valued at about $93,000. FNY Investment Advisers LLC acquired a new position in One Stop Systems during the fourth quarter worth about $46,000. Finally, Strait & Sound Wealth Management LLC acquired a new position in One Stop Systems during the first quarter worth about $84,000. 32.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on OSS. Roth Mkm restated 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 One Stop Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Alliance Global Partners restated a “buy” rating on shares of One Stop Systems in a research note on Wednesday, May 6th. Lake Street Capital upped 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. Finally, Weiss Ratings upgraded One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, One Stop Systems has a consensus 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.