System1, Inc. (NYSE:SST) Major Shareholder Buys $95,457.60 in Stock

System1, Inc. (NYSE:SST) major shareholder Cee Holdings Trust bought 66,290 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average price of $1.44 per share, for a total transaction of $95,457.60. Following the completion of the acquisition, the insider now owns 8,427,836 shares in the company, valued at approximately $12,136,083.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Cee Holdings Trust also recently made the following trade(s):

• On Friday, June 28th, Cee Holdings Trust acquired 23,136 shares of System1 stock. The shares were purchased at an average price of $1.45 per share, for a total transaction of $33,547.20.
• On Wednesday, June 26th, Cee Holdings Trust purchased 43,307 shares of System1 stock. The shares were purchased at an average cost of $1.45 per share, with a total value of $62,795.15.
• On Monday, June 24th, Cee Holdings Trust acquired 1,200 shares of System1 stock. The stock was purchased at an average price of $1.45 per share, for a total transaction of $1,740.00.
• On Thursday, June 20th, Cee Holdings Trust bought 2,382 shares of System1 stock. The shares were acquired at an average cost of $1.45 per share, for a total transaction of $3,453.90.

System1 Stock Down 0.7 %

SST traded down $0.01 during trading on Tuesday, hitting $1.43. The company had a trading volume of 162,455 shares, compared to its average volume of 343,482. System1, Inc. has a 1-year low of $1.04 and a 1-year high of $4.56. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $128.86 million, a PE ratio of -0.63 and a beta of 1.35. The business has a 50-day moving average of $1.53 and a 200-day moving average of $1.75.

System1 (NYSE:SST) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.45) EPS for the quarter. The company had revenue of $84.92 million for the quarter. System1 had a negative return on equity of 42.08% and a negative net margin of 49.23%.

Institutional Investors Weigh In On System1

An institutional investor recently raised its position in System1 stock. Arbor Trust Wealth Advisors LLC grew its position in shares of System1, Inc. (NYSE:SST) by 91.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,950 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in System1 were worth $47,000 as of its most recent filing with the SEC. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their price target on System1 from $3.00 to $2.00 and set an “in-line” rating for the company in a report on Tuesday, March 19th.

About System1

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.