Insider Selling: System1, Inc. (NYSE:SST) Major Shareholder Sells 4,775,000 Shares of Stock

System1, Inc. (NYSE:SST) major shareholder Lone Star Friends Trust sold 4,775,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $1.50, for a total value of $7,162,500.00. Following the completion of the sale, the insider now directly owns 956,423 shares of the company’s stock, valued at $1,434,634.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

System1 Trading Up 4.1 %

SST opened at $1.51 on Monday. The firm has a market cap of $136.06 million, a price-to-earnings ratio of -0.67 and a beta of 1.32. System1, Inc. has a 52 week low of $1.04 and a 52 week high of $4.86. The business’s 50 day moving average is $1.62 and its two-hundred day moving average is $1.77. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.67.

System1 (NYSE:SST) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.45) earnings per share 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.

Wall Street Analysts Forecast Growth

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

Institutional Trading of System1

An institutional investor recently raised its position in System1 stock. Arbor Trust Wealth Advisors LLC lifted its holdings in System1, Inc. (NYSE:SST) by 91.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,950 shares of the company’s stock after buying 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 SEC filing. 87.50% of the stock is currently owned by institutional investors.

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.