System1, Inc. (NYSE:SST) Major Shareholder Cee Holdings Trust Purchases 43,307 Shares of Stock

System1, Inc. (NYSE:SST) major shareholder Cee Holdings Trust purchased 43,307 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were acquired at an average cost of $1.45 per share, for a total transaction of $62,795.15. Following the completion of the transaction, the insider now directly owns 8,288,256 shares in the company, valued at $12,017,971.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, June 24th, Cee Holdings Trust purchased 1,200 shares of System1 stock. The shares were acquired at an average cost of $1.45 per share, for a total transaction of $1,740.00.
• On Thursday, June 20th, Cee Holdings Trust purchased 2,382 shares of System1 stock. The stock was bought at an average price of $1.45 per share, for a total transaction of $3,453.90.

System1 Trading Up 1.4 %

NYSE SST opened at $1.40 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.79 and a quick ratio of 1.79. System1, Inc. has a 12-month low of $1.04 and a 12-month high of $4.67. The firm has a 50-day moving average price of $1.56 and a two-hundred day moving average price of $1.76.

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

Institutional Trading of System1

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

Analyst Ratings Changes

Separately, Evercore ISI cut their price objective on shares of 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.