TSS Inc. (NASDAQ:TSSI) shares are trending on Friday.

TSSI shares surged 11.15% to $15.05 in after-hours trading on Thursday.

The stock of the Texas-based data center services company closed the intraday session up 7.97% at $13.54, according to Benzinga Pro data.

Rally Coincides With Director’s Move To Offload

The after-hours rally coincided with Director and 10% stockholder Peter H. Woodward filing two Form 144 notices with the Securities and Exchange Commission. An SEC Form 144 is a mandatory notice filed by company insiders to notify the SEC of their intent to sell restricted or control stock, providing transparency to the public regarding upcoming insider transactions.

The first tranche of 100,000 shares is held through MHW SVP II, LLC and the second of 200,000 shares through MHW Partners, L.P., each acquired via separate warrant exercises from TSS Inc. in Jul. 2022.

What You Should Know

TSS is backed by major institutional investors, including BlackRock (NYSE:BLK) and Vanguard, and bolstered by strategic business partnerships with Dell Technologies (NASDAQ:DELL) and Microsoft (NASDAQ:MSFT).

In its first quarter reported in May, TSS posted earnings per share of $0.08 against an estimate of $0.04, a 100% surprise, while revenue came in at $55.35 million versus the $42.69 million estimate, a 29.64% beat.

In early May, Needham reiterated a Buy rating on TSSI with a $16 price target, implying 6.31% upside from current levels.

Short interest in stock stands at 18.2% of float, indicating a significant bearish bet against the stock.

Trading Metrics, Technical Analysis

TSS has a market capitalization of $380.12 million. The stock has traded between a 52-week high of $31.94 and a 52-week low of $6.87.

The stock has a Relative Strength Index (RSI) of 53.98.

Over the past 12 months, TSSI has gained 10.62%.

The small-cap stock of the technology company is currently trading at about 26.6% of its 52-week range, closer to the lower end between its yearly low and high.

With a Growth score of 98.92, Benzinga’s Edge Stock Rankings indicate that TSSI is experiencing medium-term upward movement along with short and long-term consolidation.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.