Insider Selling: TSS (NASDAQ:TSSI) Director Sells 21,700 Shares of Stock

Key Points

  • Director Peter Woodward sold 30,000 shares on Dec. 9 at an average price of $8.82 for $264,600, reducing his holding by 58.03% to 21,700 shares (transaction disclosed in an SEC filing).
  • TSS shares opened at $8.30 and were down about 2%, trading well below recent moving averages (50‑day $14.08, 200‑day $18.06) with a 52‑week range of $5.63–$31.94 and a market cap of roughly $239.4M.
  • The company reported quarterly EPS of −$0.06 on $41.88M in revenue (net margin 2.08%, ROE 21.81%), and analyst coverage is mixed — a consensus target of $17.75 but recent downgrades including a "strong sell."

TSS Inc. (NASDAQ:TSSI - Get Free Report) Director Peter Woodward sold 21,700 shares of TSS stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $8.30, for a total transaction of $180,110.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

TSS Trading Down 0.2%

Shares of NASDAQ TSSI opened at $8.28 on Friday. The firm has a 50 day moving average price of $14.08 and a two-hundred day moving average price of $18.06. The stock has a market cap of $238.80 million, a P/E ratio of 41.40 and a beta of 2.03. TSS Inc. has a 52-week low of $5.63 and a 52-week high of $31.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.52.

TSS (NASDAQ:TSSI - Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $41.88 million during the quarter. TSS had a return on equity of 21.81% and a net margin of 2.08%.

Analyst Upgrades and Downgrades




A number of equities analysts recently commented on TSSI shares. Singular Research began coverage on TSS in a research note on Tuesday, September 16th. They issued a "buy" rating and a $20.50 price objective on the stock. Loop Capital set a $15.00 price target on shares of TSS in a research report on Monday, December 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of TSS in a research note on Monday. Finally, Wall Street Zen downgraded TSS from a "hold" rating to a "strong sell" rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TSS presently has an average rating of "Moderate Buy" and a consensus target price of $17.75.

Get Our Latest Stock Report on TSS

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSSI. Baader Bank Aktiengesellschaft bought a new stake in shares of TSS during the second quarter valued at approximately $764,000. Goldman Sachs Group Inc. grew its position in TSS by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company's stock valued at $475,000 after purchasing an additional 17,310 shares during the period. Geode Capital Management LLC increased its stake in TSS by 167.1% during the 2nd quarter. Geode Capital Management LLC now owns 389,872 shares of the company's stock valued at $11,242,000 after purchasing an additional 243,910 shares in the last quarter. Jump Financial LLC bought a new stake in TSS during the 2nd quarter valued at $6,801,000. Finally, Penserra Capital Management LLC bought a new position in shares of TSS in the second quarter valued at $2,879,000.

TSS Company Profile

(Get Free Report)

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments.

See Also

Insider Buying and Selling by Quarter for TSS (NASDAQ:TSSI)

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