One Stop Systems (NASDAQ:OSS) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of One Stop Systems (NASDAQ:OSS) from a hold rating to a sell rating in a report published on Saturday.

OSS has been the subject of several other reports. Zacks Research downgraded One Stop Systems from a “strong-buy” rating to a “hold” rating in a 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 lifted their price target on One Stop Systems from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Clear Str upgraded One Stop Systems to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Roth Capital reiterated a “buy” rating and issued a $18.00 price objective on shares of One Stop Systems in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

One Stop Systems Price Performance

NASDAQ OSS opened at $12.65 on Friday. One Stop Systems has a 1 year low of $4.17 and a 1 year high of $20.88. The company has a market capitalization of $315.49 million, a PE ratio of 253.05 and a beta of 1.46. The company has a fifty day moving average of $15.11 and a two-hundred day moving average of $12.28.

Insider Transactions at One Stop Systems

In related news, Director Mitchell H. Herbets sold 5,000 shares of the firm’s stock in a transaction dated 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 owned 48,984 shares of the company’s stock, valued at $863,098.08. This trade represents a 9.26% decrease in their ownership of the stock. The transaction 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. Also, Director David George Bassett sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.64, for a total value of $141,120.00. Following the completion of the transaction, the director owned 24,984 shares in the company, valued at $440,717.76. This trade represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 21,000 shares of company stock worth $369,380. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of One Stop Systems during the second quarter worth approximately $33,412,000. Vanguard Group Inc. grew its position in One Stop Systems by 17.4% in the 3rd 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 during the last quarter. Jane Street Group LLC grew its position in One Stop Systems by 85.2% in the 4th quarter. Jane Street Group LLC now owns 603,805 shares of the company’s stock valued at $4,335,000 after buying an additional 277,763 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in One Stop Systems in the 3rd quarter valued at $2,959,000. Finally, Marshall Wace LLP increased its stake in One Stop Systems by 1,130.1% in the 2nd quarter. Marshall Wace LLP now owns 476,393 shares of the company’s stock valued at $1,691,000 after buying an additional 437,664 shares during the period. Institutional investors and hedge funds own 32.67% of the company’s stock.

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.