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

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

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

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

System1 Stock Up 7.1 %

Shares of SST opened at $1.50 on Friday. 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, Inc. has a twelve month low of $1.04 and a twelve month high of $4.67. The company has a 50 day moving average of $1.55 and a 200-day moving average of $1.76.

System1 (NYSE:SST) last released its 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.

Hedge Funds Weigh In On System1

A hedge fund recently raised its stake in System1 stock. Arbor Trust Wealth Advisors LLC raised its stake in System1, Inc. (NYSE:SST) by 91.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,950 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in System1 were worth $47,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 87.50% of the company’s stock.

Wall Street Analyst Weigh In

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

System1 Company Profile

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.