System1, Inc. (NYSE:SST) Major Shareholder Cee Holdings Trust Purchases 66,290 Shares

System1, Inc. (NYSE:SST) major shareholder Cee Holdings Trust purchased 66,290 shares of System1 stock in a transaction dated 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 acquisition, the insider now owns 8,427,836 shares in the company, valued at $12,136,083.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, June 28th, Cee Holdings Trust purchased 23,136 shares of System1 stock. The shares were bought 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 bought at an average price of $1.45 per share, for a total transaction of $62,795.15.
• On Monday, June 24th, Cee Holdings Trust purchased 1,200 shares of System1 stock. The shares were bought at an average price 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 shares were bought at an average price of $1.45 per share, for a total transaction of $3,453.90.

System1 Stock Down 0.7 %

Shares of NYSE:SST opened at $1.43 on Wednesday. The business has a 50-day moving average price of $1.53 and a 200 day moving average price of $1.75. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $128.85 million, a price-to-earnings ratio of -0.63 and a beta of 1.35. System1, Inc. has a 12-month low of $1.04 and a 12-month high of $4.56.

System1 (NYSE:SST) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.45) earnings per share (EPS) for the quarter. The business 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%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On System1

A hedge fund recently raised its stake in System1 stock. Arbor Trust Wealth Advisors LLC raised its position in System1, Inc. (NYSE:SST) by 91.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. Hedge funds and other institutional investors own 87.50% of the company’s stock.

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.