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

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

One Stop Systems Stock Performance

Shares of NASDAQ OSS opened at $17.44 on Wednesday. One Stop Systems, Inc. has a 52-week low of $2.51 and a 52-week high of $18.49. The firm has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $9.12. The stock has a market cap of $431.48 million, a P/E ratio of 69.76 and a beta of 1.14.

One Stop Systems (NASDAQ:OSSGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that One Stop Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OSS shares. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a research report on Wednesday, May 6th. Lake Street Capital increased their price objective on shares of 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 shares of One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 23rd. 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. Finally, Roth Mkm reiterated a “buy” rating and set a $18.00 price objective 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’s stock. Based on data from MarketBeat.com, One Stop Systems presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

View Our Latest Analysis on OSS

Institutional Investors Weigh In On One Stop Systems

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new position in One Stop Systems during the fourth quarter worth $29,000. FNY Investment Advisers LLC bought a new position in One Stop Systems during the fourth quarter worth $46,000. Marex Group plc bought a new position in One Stop Systems during the second quarter worth $36,000. Strait & Sound Wealth Management LLC bought a new position in One Stop Systems during the first quarter worth $84,000. Finally, Savant Capital LLC bought a new position in One Stop Systems during the fourth quarter worth $87,000. 32.67% of the stock is currently owned by institutional investors and hedge funds.

About One Stop Systems

(Get Free Report)

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.

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