One Stop Systems, Inc. $OSS Stock Position Trimmed by Renaissance Technologies LLC

Key Points

• Renaissance Technologies cut its One Stop Systems stake by 30.8% in the first quarter, selling 115,741 shares and retaining 259,960 shares worth about $1.97 million. Institutional investors collectively own 32.67% of OSS.
• Analyst sentiment remains broadly positive, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $16.00; targets in recent reports ranged as high as $21.00.
• OSS shares opened at $12.72, with a market capitalization of approximately $317 million and a 12-month trading range of $4.17 to $20.88. Insiders sold 21,000 shares worth $369,380 over the past quarter, primarily to cover tax obligations tied to equity awards.

Renaissance Technologies LLC trimmed its position in shares of One Stop Systems, Inc. (NASDAQ:OSS - Free Report) by 30.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,960 shares of the company's stock after selling 115,741 shares during the period. Renaissance Technologies LLC owned 1.05% of One Stop Systems worth $1,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of One Stop Systems by 0.9% in the second quarter. Geode Capital Management LLC now owns 199,729 shares of the company's stock valued at $709,000 after purchasing an additional 1,837 shares during the period. Walleye Capital LLC acquired a new position in shares of One Stop Systems during the second quarter worth approximately $46,000. Marshall Wace LLP boosted 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 worth $1,691,000 after buying an additional 437,664 shares during the period. Jane Street Group LLC grew its holdings in One Stop Systems by 753.2% in the 2nd quarter. Jane Street Group LLC now owns 268,182 shares of the company's stock worth $952,000 after buying an additional 236,750 shares in the last quarter. Finally, Marex Group plc bought a new position in One Stop Systems in the 2nd quarter worth approximately $36,000. Institutional investors own 32.67% of the company's stock.

Analyst Ratings Changes

OSS has been the topic of several recent analyst reports. Alliance Global Partners reaffirmed a "buy" rating on shares of One Stop Systems in a research note on Wednesday, May 6th. Wall Street Zen cut One Stop Systems from a "hold" rating to a "sell" rating in a research note on Saturday. Roth Capital reissued a "buy" rating and issued a $18.00 price target on shares of One Stop Systems in a research note on Wednesday, May 6th. Clear Str raised One Stop Systems to a "strong-buy" rating in a report on Monday, July 13th. Finally, Lake Street Capital lifted their price objective on shares of One Stop Systems from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Friday, June 5th. One 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.00.

Insider Buying and Selling

In other One Stop Systems news, Director David George Bassett sold 8,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.64, for a total transaction of $141,120.00. Following the completion of the transaction, the director directly owned 24,984 shares of the company's stock, valued at approximately $440,717.76. This trade represents a 24.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mitchell H. Herbets sold 5,000 shares of One Stop Systems stock in a transaction 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 in the company, valued at approximately $863,098.08. This trade represents a 9.26% decrease in their ownership of the stock. 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. Insiders have sold a total of 21,000 shares of company stock valued at $369,380 over the last quarter. Corporate insiders own 3.90% of the company's stock.

One Stop Systems Price Performance

One Stop Systems stock opened at $12.72 on Wednesday. The firm has a 50 day simple moving average of $14.96 and a 200-day simple moving average of $12.29. The stock has a market capitalization of $317.24 million, a PE ratio of 254.45 and a beta of 1.46. One Stop Systems, Inc. has a 12-month low of $4.17 and a 12-month high of $20.88.

One Stop Systems Company Profile

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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