Key Points
- Director Gregory Matz sold 8,000 shares of One Stop Systems at an average price of $17.52, totaling $140,160. The filing said the sale was made to cover tax withholding obligations tied to vested equity awards.
- Despite the insider sale, OSS shares have surged, recently opening at $17.44 after ranging from a 12-month low of $2.51 to a high of $18.49. The company’s market cap is about $431.5 million.
- One Stop Systems recently beat quarterly expectations, reporting $0.01 EPS versus the expected loss of $0.05 and revenue of $8.07 million versus $6.98 million estimated. Analysts currently rate the stock a Moderate Buy with a consensus target price of $13.00.
One Stop Systems, Inc. (NASDAQ:OSS - Get Free Report) Director Mitchell Herbets sold 5,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.62, for a total transaction of $88,100.00. Following the transaction, the director directly owned 48,984 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
One Stop Systems Stock Down 2.2%
Shares of NASDAQ OSS opened at $17.44 on Wednesday. The firm has a market cap of $431.48 million, a PE 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. The company's fifty day simple moving average is $11.18 and its 200 day simple moving average is $9.12.
One Stop Systems (NASDAQ:OSS - Get Free Report) last issued its earnings results 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 business had revenue of $8.07 million for the quarter, compared to analyst estimates of $6.98 million. One Stop Systems had a net margin of 12.44% and a negative return on equity of 0.24%. On average, equities analysts predict that One Stop Systems, Inc. will post -0.08 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of One Stop Systems by 17.4% in the third quarter. Vanguard Group Inc. now owns 872,700 shares of the company's stock valued at $4,678,000 after buying an additional 129,479 shares in the last quarter. Jane Street Group LLC lifted its position in shares of One Stop Systems by 85.2% during the fourth quarter. Jane Street Group LLC now owns 603,805 shares of the company's stock valued at $4,335,000 after purchasing an additional 277,763 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of One Stop Systems during the third quarter valued at about $2,959,000. Marshall Wace LLP lifted its position in shares of One Stop Systems by 1,130.1% during the second quarter. Marshall Wace LLP now owns 476,393 shares of the company's stock valued at $1,691,000 after purchasing an additional 437,664 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in shares of One Stop Systems during the third quarter valued at about $1,566,000. 32.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Alliance Global Partners reaffirmed a "buy" rating on shares of One Stop Systems in a research note on Wednesday, May 6th. Lake Street Capital raised 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 note on Thursday, March 19th. Roth Mkm reaffirmed a "buy" rating and issued a $18.00 price objective on shares of One Stop Systems in a research note on Wednesday, May 6th. Weiss Ratings raised shares of One Stop Systems from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Monday, March 23rd. Finally, Zacks Research lowered shares of One Stop Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $13.00.
Get Our Latest Analysis on OSS
One Stop Systems Company Profile
(
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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