One Stop Systems, Inc. $OSS Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in shares of One Stop Systems, Inc. (NASDAQ:OSS) by 30.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,960 shares of the company’s stock after selling 115,741 shares during the period. Renaissance Technologies LLC’s holdings in One Stop Systems were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in OSS. Arrowstreet Capital Limited Partnership bought a new stake in shares of One Stop Systems in the 3rd quarter worth approximately $2,959,000. Marshall Wace LLP boosted its holdings in 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 in the last quarter. Polar Asset Management Partners Inc. bought a new stake in One Stop Systems during the third quarter worth approximately $1,566,000. Jane Street Group LLC boosted its holdings in One Stop Systems by 85.2% during the fourth quarter. Jane Street Group LLC now owns 603,805 shares of the company’s stock worth $4,335,000 after buying an additional 277,763 shares in the last quarter. Finally, Trexquant Investment LP grew its position in One Stop Systems by 177.3% in the fourth quarter. Trexquant Investment LP now owns 256,810 shares of the company’s stock worth $1,844,000 after buying an additional 164,189 shares during the last quarter. Institutional investors and hedge funds own 32.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Lake Street Capital upped their price target on One Stop Systems from $18.00 to $21.00 and gave the company a “buy” rating in a report on Friday, June 5th. Roth Capital reissued a “buy” rating and set a $18.00 price objective on shares of One Stop Systems in a research note on Wednesday, May 6th. Weiss Ratings cut One Stop Systems from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Clear Str raised One Stop Systems to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Wall Street Zen lowered One Stop Systems from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

One Stop Systems Price Performance

Shares of OSS opened at $12.72 on Wednesday. The company has a 50-day moving average of $14.96 and a two-hundred day moving average of $12.29. The stock has a market cap of $317.24 million, a price-to-earnings ratio of 254.45 and a beta of 1.46. One Stop Systems, Inc. has a one year low of $4.17 and a one year high of $20.88.

Insider Activity at One Stop Systems

In related news, Director Gregory W. Matz sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.52, for a total value of $140,160.00. Following the completion of the sale, the director owned 78,914 shares in the company, valued at approximately $1,382,573.28. This represents a 9.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 48,984 shares of the company’s stock, valued at $863,098.08. This represents a 9.26% 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. In the last 90 days, insiders sold 21,000 shares of company stock worth $369,380. 3.90% of the stock is owned by corporate insiders.

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.